A 49-year-old widow with 4 chilren, Mrs. Joy O. lives in Benin City. She deals with ladies' used clothes. She worked with someone for a year to learn the business, and then started her own business in 1995.
She is soliciting a loan of $1200 to buy more used ladies' clothing to sell. She is a client of LAPO. She thanks you.
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