Kate, 32 years old and single, lives in Benin City. A hard-working lady, Kate is a hair dresser who also sells hair accessories in order to make additional profit. She makes lovely Nigerian and western hair styles for her customers. Kate has a good relationship with LAPO and hopes to expand her business through a loan of NGN 100,000 to purchase more hair accessories 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