Adebiyi is 37 years old and married with two children. His wife also works to support their home. For a long time, Adebiyi has been in the business of renting plastic chairs and tables to people in his community, and he hopes to expand his business in the future. He loves this business because of the one-on-one interaction with his customers. Adebiyi hopes for a loan amount of NGN 80,000 to purchase more plastic tables and chairs. 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