Simeon, a resident of Ughelli, Delta State, Nigeria, is 38 years old and married with three children. His youngest child is just two weeks old and he is very happy about his new baby. Simeon sells electrical materials at retail prices to his customers and one day hopes to own a big electrical shop. He is requesting a loan of 65,000 NGN to purchase more electrical materials to sell. Simeon 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