Peter sells building 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 45 years old and married with 4 children. His eldest child is 14 years old. His children are still dependent on him and they go to school. He is a hard working man and an honest and faithful LAPO (Lift above poverty organization) client. LAPO is committed to improving lives in Nigeria and elsewhere in Africa. Peter has been in this business for a long time. He is requesting a loan amount of NGN 120,000 to purchase more building 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