Patience E. lives in the town of Igbelerin, in Lagos State, Nigeria. She sells hair products and hair pieces for a living, and also does manicures and pedicures. She spent two years studying this trade before going into business on her own in 2006. Patience is 30 years old, married and has five children. She needs a loan of $1,200 to buy products and hairpieces to sell to her customers, and wishes to extend her thanks to Kiva and to her 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