Helen is a member of LAPO microfinance. She runs a sewing service and also sells drinks. She is 24 years old, single and hopes to become a high class fashion designer and to have a comfortable home in the future. She is a focused, hard worker. She puts in long hours trying to keep her businesses sustainable. One of her greatest joys is the one-on-one interaction she is able to have with her customers. She is requesting a loan in the amount of NGN 100,000 to purchase more sewing materials and more drinks to sell. She says thank you to all Kiva lenders for their financial support.
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