Ladunni is 50 years old and married with three children. His wife also works to support their home. Laduuni is an honest and hardworking man who sells bags of poultry feed at retail prices. He loves this business because he is the only person in his community who supplies this product. His customers patronize him regularly, and this gives him joy. Ladunni, who hopes to expand his business in the future, is requesting a loan of NGN 80,000 to purchase more bags of poultry feed to sell. 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