Oladipupo is 48 years old and married with 4 children. His eldest child is 19 years old. He has a bakery where he bakes bread to sell at wholesale and retail to his customers. He is a hard-working man and he hopes to lift his business and family above poverty. He hopes for loan amount of 100,000 to purchase more bags of flour to bake more bread to sell. He is indeed grateful 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