Mana sells live goats in Benin City to make a living. He has been in this business for some years. One of his challenges is the long distances he travels in his business. He hopes to increase his business capital to enable him to purchase more goats and avoid so much traveling. Mana is a client of LAPO Microfinance and has a good repayment record. He hopes for a loan of NGN150, 000 to purchase more goats to sell.
Mana is married with seven children between the ages of four and 22. With the proceeds from the business he could take care of his family and his children’s education. He says he is grateful to all Kiva lenders for their assistance.
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