"I started benefiting from LAPO loan in 1999," says Isoken A.. She is 37 years old and is the secretary of a LAPO union and she is from Benin City. She sells drinks to the community and is the married mother of three (3) children. She needs the loan to boost her business and buy more drinks for sale.
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