Falode A. styles hair and sells hair extensions, creams, etc. She has been in business for the past eight years. She needs a loan of N150,000 to purchase more styling creams, extensions and drinks. Falode is 43 years old and married with four children. She lives in Lagos state with her family. Falode says thank you.
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