Modinot D. is 34 years old, married with two children. She is a tailor and also sells clothing material and sarongs that can be used to make various styles of one’s choice. Modinot goes to Lagos Island to buy goods( clothing materials) as soon as her stock goes down. The lady in picture is her apprentice as she was at the market purchasing tailoring materials when the photograph was taken. Modinot has finished repaying her previous loan which was used to rent her shop. The balance of that loan was used to purchase a weaving machine. Modinot has been in this business for the past ten years. She requests for a loan of N100,000 to purchase clothing materials in bulk at a reduced cost and also to reduce the need for being on the road often. Modinot says when the children are on holiday from school they assist her a lot in the business because they know the solution to their needs comes from the success of the business. She says thank-you to all.
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