Bukola is 32 years old. She is married and has three children. She is a committed LAPO MICROFINANCE client who has never defaulted on her LAPO loans. Bukola sells children’s clothes and has been in this business for the past five years. She is asking for a loan of 50,000 naira ($425) so that she can buy clothing in bulk. With this extra inventory, she'll be able to meet customer demand during the festive season. She says thank you to all that made this loan possible.
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