Janet is 29 years old and married with a child who is four years old. Her husband is a civil servant and he supports the home. Janet sells cosmetics like lipsticks, beauty powder and bathing soap. She has been in this business for eight years. She hopes to see her business grow bigger in the near future. She is requesting a loan of NGN 100,000 to purchase more cosmetics 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