Friday is 34 years-old and married without children. He has a pharmacy where he sells medicines at retail prices. The business is very lucrative and he is happy with his business. He hopes to own a maternity home in the future. He is requesting a loan of NGN 100,000 to purchase more medicines to sell. Friday is a LAPO client. LAPO (Lift Above Poverty Organization) is committed to improving lives in Africa, particularly Nigeria. 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