Rono sells and supplies female and male clothing. She goes from office to office to sell clothes to her customers. She is very happy with the nature of her business because it gives her the opportunity to meet different people from different backgrounds. She started the business two years ago and has been successful.
Rono wants her business to grow continuously, so she is requesting a loan amount of NGN 100,000 to purchase more clothes to sell. With it she can sell more clothes, make more profit and save more for the future. Rono is 29 years old, married and her husband is a civil servant in Lagos State. She says thanks to all Kiva 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