Betty O. is 41 years old and divorced with one child. She sells clothes in her shop located in Ojo-Igbede in Lagos state, Nigeria. She sells clothes and has been in this business for the past three years. As a divorced woman, life has not been easy for Betty because she has to take care of herself and her child.
Betty is a LAPO client and needs a loan for $850 to buy more clothes to sell. She remains grateful to Kiva lenders and LAPO Microfinance for their financial support.
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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