Abiodun is 36 years old and married with 2 children . She is a friendly, hard working woman . She sells tailoring materials in her stall and she is a tailor. She has been in this business for 5 years. Abiodun is an LAPO client and she used her LAPO loan as capital to start her business. She hopes to expand her business in the future. She hopes for a loan of NGN 100,000 to purchase more tailoring materials to sell. This is the high season for business and Abiodun hopes to make more profit. 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