Oladuni is a fashion designer with 3 sewing machines and 1 apprentice that also sells tailoring materials. She hails from Mebamun Lagos State Nigeria; she is 32 years of age and has 2 children. Oladuni acquired the skill of trading for 4 years and has been in this business since 2003. She has been borrowing from LAPO Microfinance for the past 2 years and she is requesting a loan of $1200 to enable her to buy more tailoring materials.
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