Fummilayo A. is 39 years old, married with 5 children. She is a fashion designer and she also sells drinks. She has been in this business for over 15 years and involved with LAPO for the past 2 years. . Fummilayo is asking for the loan amount of $350 to purchase a machine, drinks and tailoring materials. 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