Bola sells clothes and she is also a fashion designer. She has been in this business for the past twelve years. Bola is 49 years old and married with four children.
Bola has been borrowing from LAPO Microfinance for the past two years. She has been investing the loans in her clothes business and this has increased her profitability. She is requesting the loan of N140,000 to purchase more clothes and tailoring materials to sell. She thanks you.
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