Monica sells used clothes at retail prices to her customers. She has been in this business for a long time. She hopes to own a boutique in the future. She is hard working woman who is determined to excel in her business and family life. She hopes for a loan amount of 70,000 NGN to purchase more used clothes to sell.
She is 43 years old and married with four children. She hopes to give her children a quality education. 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