Osato is a 35 years old, married with two children in school. He sells cows in one of the cattle markets in Benin City. He has been in this business with success for 15 years. His business has been much improved due to the extra capital he got from LAPO Microfinance. Osato pays back his loans on time. He wants to expand the size of his business by buying more cows to sell.
He is requesting another loan of NGN150,000 to purchase more cows to sell. He says thanks for the support.
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