Bola is 42 years old, married and has five children. She owns a shop; she makes and sells beads and accessories. She said bead-making gives her joy as this gives room for creativity. She makes different designs and these attract more customers to her shop.
Beads are used to beautify oneself for any kind of occasions; it is also use to dress a bride for a wedding ceremony. Due to her high patronage, Bola wants to expand and improve on her business.
Bola is requesting a loan amount of NGN 150, 000 to purchase more beads and accessories to sell. She hopes to support her husband in educating her children. She appreciates all lenders for their financial support.
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