M. sells palm oil in drums and gallons. He has been in this business for ten years. He is married with four children, and he is 36 years old. He lives in Uboba, Oyo State, Nigeria. M. is soliciting a loan in the amount of 180,000 NGN to improve his oil business. He thanks 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