Bose P. sells local gin at retail prices to her customers. She has been in this business for 3 years. She is 32 years old and married, with two children who are excelling in school. Her husband is a driver in a private company. She is a friendly and hard working woman. She is an LAPO client. (Lift Above Poverty Organization is committed to improving lives in Nigeria and elsewhere in Africa.) Bose needs a loan in the amount of NGN 50,000 to purchase more local gin to sell. She says thanks to all Kiva lenders.
The Kiva Field Partner in Nigeria who administers this loan is called the Lift Above Poverty Organization (LAPO). Kiva’s Staff wants to call your attention to the fact that LAPO is the subject of controversy. While all Kiva Field Partners charge an interest rate on loans to sustainably operate, LAPO’s interest rates (see their “Portfolio Yield”) and profitability (see their “Return on Assets”) are amongst the highest on Kiva. Kiva’s Staff encourages you to learn more about this Nigerian Field Partner before making this loan. http://www.kiva.org/partners/20