Folusho is single lady, 26 years old; she lives in Lagos State, Nigeria. She has sold stationery and books for over seven years.
Folusho has been with LAPO Micro-finance for the past three years and she is requesting a loan of N120,000 to purchase more stationery to sell. She says thanks to LAPO Micro-finance and to all Kiva lenders for the 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