Moriamo is 39 years old and married with 3 children. Moriamo sells clothes. She acquired the skill from her mother and she has been in the business for the past 15 years. Moriamo travels to Ogun state twice a month to buy clothes. Moriamo has been borrowing from LAPO Microfinance for the past 3 years. Moriamo is requestin the loan amount of N140, 000 to purchase more clothes to sell. She thanks 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