Fumilayo is a photographer. She has her own photography studio. Fumilayo takes pictures at weddings, funerals, birthdays, and other ceremonies. She needs a loan of 140,000 naira ($1200) to purchase a digital computer printer and a generator. Her customers are asking for faster photo processing times, and she wants to meet this demand. Fumilayo is 34 years old. She is married and has three children. She says thank you to all Kiva lenders for their financial support and LAPO MICROFINANCE for their business training.
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