Chidi is a businessman. He sells textbooks to his customers at retail prices. He hopes to own a big bookstore in the future. He loves this business because it gives him the opportunity to meet one-on-one with his customers. Chidi is requesting a loan of NGN 100,000 to purchase more textbooks to sell. He sells for long hours to enable him put food on his table to feed his children. He is 45 years old and married with five children. His eldest child is 10 years old. He is always happy when he sees his children excelling in school. 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