Aminat sells colorful sarongs at retail prices to her customers. She hopes to own a boutique in the future. Sarongs are worn mostly by women and young ladies in Nigeria. She has been in this business for 10 years. She is 35 years old and married with two children. Her husband sells motor spare parts. She is requesting a loan amount of N80,000 to purchase more sarongs to sell. She says thank you 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