Lola has a store where she sells underwear and nightgowns. She has been in this business for the last five years.
Through her business, she assists her husband in feeding the family and also in paying for the children’s education. In most places in Nigeria, sixty percent of family burden is taken care of by the woman. This trend has compelled most women to be industrious and hardworking lest the family remain in abject poverty.
Lola needs a loan of N70,000 so she can purchase more underwear and nightgowns to sell. She says thank you to all who make this loan possible.
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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