Fumi sells colorful sarongs and beads at retail prices to make a living. Sarongs in Nigeria are worn at all occasions and are mostly worn by women and young ladies. She hopes to be a major distributor of sarongs in the future. She hopes for a loan of NGN 120,000 to purchase more sarongs to sell. She is 47 years old, and married with 3 children. Her husband works to also support their home. She is determined to lift her business and family above poverty. She duly 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