Mary is a hard-working and honest woman who is determined to pull her family out of poverty. She lives in Ogbomoso, Oyo State, Nigeria. For many years now, she has made a living selling drinks and other items, and she works hard because she hopes to grow her business. She is 45 years old, married and has five children. Her husband also works hard to support their family, and both parents are happy because their children are doing well in school. Mary has applied for a loan for N100,000 to buy more drinks to sell, and extends sincerest thanks to all Kiva lenders for their support. She is a client of LAPO (Lift Above Poverty Organization), a microlending group which is committed to improving lives in Nigeria and other parts of Africa.
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