Mrs. Beatrice O. is 50 years old and married with 7 children. She lives in Benin City. Beatrice sells Garri (a popular West African food made from cassava tubers) to people living in her community. Beatrice has been in this business since 1996. She is requesting a loan of $450 to expand her supply of Garri. She is a hard-working LAPO member.
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