Betty sells used clothes at retail prices to her customers. She hopes to own a boutique in the future. The demands for her used clothes are high this season because there are lots of people in her community that cannot afford new clothes. She is 55 years old and married with six children. Her husband is a businessman. Her children are doing well in school and she hopes to give them a quality education. She hopes for a loan of N70,000 to purchase more used clothes 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