Mary Ann has a beauty salon where she makes a living selling hair extensions and providing lovely hair styles for her customers. With this business, she hopes to make more profits. She hopes to grow her business to become bigger and stronger. She is requesting for a loan amount of NGN50,000 to purchase more hair extensions to sell. She is 42 years old, married, and has 3 children. Her children attend school and this gives her joy. Her husband is a commercial driver and he also supports their home. She says thank you 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