Folake O.,43, is a LAPO client. She is married with two children and lives in Eleyele, Ibadan, Nigeria. She sells shoes and bags, and hopes to own her own boutique in the future. She is requesting a loan amount of $675 (N100,000) to purchase more shoes and bags to sell. She says thank you to all that make 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