Beauty U. is a hairstylist and she also rents out home video CDs. She has one hair dryer and lots of video CDs for renting. She has a sales girl that assists her in renting out the video CDs to customers. Beauty also makes lovely hairstyles for her customers. Beauty is 36 years old and married with 2 children. Her eldest child is in nursery school while the youngest child is yet to start school. Beauty's shop is located at Agho junction, in Benin City, Edo state, Nigeria. She is a LAPO client. Beauty hopes for the loan amount of $450 to buy one hair dryer and more video CDs to rent out. She says thank you to all 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