Modupe loves sarongs and tailoring and that is why she is in the business. She makes lovely Nigerian designs for her customers and she also sells sarongs at retail prices to her customers.
Modupe hopes for a loan of NGN 100,000 to purchase more sarongs to sell. She hopes to own a boutique in the future.
Modupe is married with four children, her eldest child being 22 years old. Her children are still dependent on her and they attend school. She says thanks to all Kiva lenders.
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