Patrick is 30 years old. He sells drinks and fried meat. Patrick is hard-working and is seeking a loan to help him meet increased customer demand during the holidays. One of his greatest joys is the one-on-one interaction he is able to have with her customers.
He is seeking a loan of N150,000 to purchase larger quantities of drinks at a discount. Patrick plans to use the increased profit generated by the loan to support his family.
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