Mrs. Marina O. sells bread both wholesale and retail. She is soliciting a loan of $400 to buy more bread to supply to her customers and make more profit. She is a widow with 6 children, 47 years old, and lives in Benin City. She is a dedicated LAPO client and has been in this business since 2000.
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