Amaeze is 50-years-old and is married with five children. She lives in Benin City, Edo state, Nigeria where she sells provisions like noodles, toothpaste, bathing soap, detergent and drinks. She is requesting a loan amount of $475 (N70, 000) to purchase more provisions and drinks to sell. She is indeed grateful to all Kiva lenders and LAPO micro finance 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