Usman is a commercial tailor; additionally, he sells colorful sarongs and has a video and DVD rental stall. Thanks to these businesses combined, he hopes to be able to meet his family's basic needs. He is 40 years old and married with 2 children. His wife has a grocery stall that she uses to also improve the family's finances. Usman is requesting a loan of 80,000 NGN so that he can purchase more sarongs, videos and DVDs. This is the high season for business and he hopes to make more of a profit. He says thank you in advance to all of the 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