Flora is 43 years old and married to a contractor. They have four children. Flora is a hairstylist; she creates different styles of hair and sells hair accessories such as hair creams, hair extensions, nails etc. One of her greatest joys is the one-on-one interaction she is able to have with her customers. She is a member of LAPO Microfinance. Having been in LAPO for over two years now, she is requesting a loan in the amount of NGN 170,000 to expand her hair clinic by purchasing more hair accessories to sell and for styling hair.
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