Rashidat is 53 years old and married with eight children. She lives in Lagos State, Nigeria, where she has sold tailoring materials for over thirty years.
Rashidat has been with LAPO Micro-finance for eight months. She hopes for the loan of N150,000 to expand her business and purchase more tailoring materials to enable her to meet her customers’ needs. She says thanks to all Kiva lenders.
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