Mary sells sarongs at retail prices to her customers. This is the high season for her business and she hopes to make more profits during this season. She loves this business because of the one-on-one interaction she has with her customers. She is 37 years old, married, and has 4 children. She has been in this business for a long time. She hopes for a loan in the amount of 140,000 NGN to purchase more sarongs to sell. She says thanks 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