Beatrice is a successful businesswoman who believes that hard work is the key to success. She makes a living selling provisions in her shop located along Kasidi Road in Okoko, Lagos. Beatrice is 47 years old and has three children. She has borrowed from LAPO Microfinance for the past three years and has also led a loan group. She has always made her payments on time. Beatrice needs a loan to buy more provisions to sell. She is very grateful to LAPO Microfinance and Kiva 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