Chucks sells electronics and electrical materials 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. His eldest child is 9 years old. His children are still dependent on him, and they go to school. He is a hard-working man. He is an honest and faithful LAPO client. The Lift Above Poverty Organization is committed to improving lives in Nigeria and elsewhere in Africa. He has been in this business for a long time. He is requesting a loan in the amount of NGN 100,000 to purchase more electronics and electrical materials 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