Oluwakemi, 30 years old, owns a boutique. She sells shoes, clothes, bags and more. She uses the profit made from her sales to help her husband keep their home. She is happily married with three children. She has been a member of LAPO microfinance for some years with a good record.
Oluwakemi wants to buy more of her goods to sell. This will attract discount that will generate more profit for the growth of the business. She is requesting a loan of 150,000 nairas to purchase more shoes, clothes and bags to sell. Her dream is to order her goods on time and meet her customers' demands. She says thanks to all 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