Elizabeth is into rentals and catering services. She rents out canopies and chairs for various parties and also supplies drinks and food for such parties. She has been in the business for four years and started borrowing from LAPO two years ago. Her previous loan helped her meet the demands of customers, maximizing her profit, and her family needs are better met.
Elizabeth has finished repaying her previous loan and she is requesting a new loan of 100,000 NGN to purchase catering items in bulk at a cheaper price.
Elizabeth is 46 years old, married and has four lovely children. She says thank you to all Kiva lenders and promises to repay on time.
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