Taiwo is a businesswoman. She does not own a beauty salon but she sells hair extensions at retail prices. She loves this business because she does not sell on credit. Her customers pay in cash when they come to purchase hair extensions. She hopes for a loan of NGN 70,000 to purchase more hair extensions to sell. She hopes to expand her business. She is 42 years old and married with two children. Her eldest child is 18 years old and the youngest child is eight years old. Her children are making progress in school. Her husband is a commercial driver and he supports the home. She duly thanks 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