Beatrice sells sarongs and tailoring materials at retail prices. This is the high season for her business and she hopes to make more profits during this season. She is 33 years old and married with four children. With her combined businesses, she sells for long hours to enable her to meet the basic needs of her family. She hopes for a loan of 60,000 nairas to purchase more sarongs and tailoring material to sell.
She is indeed grateful 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