Olanitan is 30 years old and married with two children. He has been selling cement for years. He uses part of the profit for family upkeep and invests the remaining profit in his business. He lives in Oyo State, Nigeria. He is requesting a loan of 100,000 naira to purchase more cement to sell. He says God bless Kiva lenders for their support.
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