John owns a bakery where he bakes loaves of bread to sell. He has been in this business for six years. He loves this business because of the one-on-one interaction that he has with his customers. He is requesting for a loan amount of NGN 150,000 to purchase more baking materials like bags of flour, sugar and baking powder to bake more loaves of bread 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