Saliu is 41 years old and is married with 4 children. His wife sells clothes and he sells vegetables and potatoes at the front of his house at retail prices. He is happy because the demand for his vegetables and potatoes will increase during this festive season. Saliu has been in this business for a long time. He hopes for a loan of 100,000 NGN to purchase more vegetables and potatoes to sell. He 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