Mabel is 52 years old and married with six children. She sells sarongs and tailoring materials. She is also a tailor. She makes lovely designs for her customers. Her greatest joy in her business is the one-on-one interaction that she has with her customers. She hopes to own a fashion institute in the future. This is the high season for her business and she wants to meet the demands of her customers. She hopes for a loan of N120,000 NGN to purchase sarongs and tailoring materials to sell. She says thank you 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