Maureen I. is 34 years old and married with one child. She sells soft drinks, a business she has been operating for a long time. In order to increase her stock and number of customers, she is in need of the loan amount of $425 to buy more drinks to sell. In the future she hopes to be a major distributor of drinks. She says thank you to all Kiva lenders and LAPO microfinance.
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