Mary has a fashion designing stall, where she designs lovely Nigerian and western patterns for her customers. Mary loves her business and she says that fashion designing is an interesting business because she makes her customers look beautiful in her designs. She hopes to grow her business in the future by having a fashion institute where she will train young boys and girls how to design clothes.
She hopes for a loan amount of NGN 100,000 to purchase more tailoring materials to boost her business. She is 34 years old, and married with 2 children. Her eldest child is 4 years old and the youngest child is 2 years old. Her children attend school and this makes her happy. 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