"LAPO has been a source of financial strength to my business," says Mrs. Romoke O., who lives in Shibiri in Lagos State, Nigeria. A mother of 4, 35 years old, she sells foodstuffs and has been in business since 1999. She needs a loan of $450 to buy more foodstuffs to sell.
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