Esther A. is a hair stylist who makes lovely western and Nigerian hairstyles for her customers. She loves this business because of the opportunity to interact with her customers. She has been in this business for 15 years. She is married with four children and she is 42 years old. Her children are excelling in school and this gives her joy as a mother. She lives in Oyo state, Nigeria. Esther is requesting a loan of 100,000 NGN to purchase more hair extensions and cream to sell.
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