Friday sells motorcycle spare parts at retail prices to his customers. He loves this business because of the one-on-one interaction that he has with his customers. He is 40 years old and married with four children. He is a hardworking man. His wife is a trader, and she sells groceries to support her home. Friday hopes to own a big stall in the future. He needs a loan of NGN 50,000 to purchase more motorcycle spare parts 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