Gloria U. is 34 years old and married with one child. Gloria lives in Afro Media, Lagos state, Nigeria. She is a LAPO client. Gloria sells frozen foods like turkey, beef, and chicken. The demand for her frozen foods is high and she hopes to meet that demand. She has been in this business for the past 5 years. Gloria needs a loan to buy more frozen foods to sell. She thanks all Kiva lenders and LAPO microfinance for their financial support.
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