Rufia is a carpenter and he makes lovely furniture for his customers. He hopes to own a big furniture stall in the future.
He hopes for a loan amount of NGN 160,000 to purchase more materials to make more furniture to sell. Rufia is determined to lift his business and family above poverty. He is 35 years old and married with 2 children. His wife sells tailoring materials to support their family. He has a good relationship with LAPO. He duly thanks 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