The growing business of Doris B. shows that she is utilizing the funds that she has been borrowing from LAPO Microfinance for the past two years. She is 38 years old and married with four children. She sells cosmetics and cooking utensils in her shop. She acquired the skill over three years of training and has been in business since 2001.
She needs a loan for $850.00 to buy more cooking utensils and cosmetics so that her business can expand. She is grateful to Kiva and its lenders.
Important InformationThe 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
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