Jacob is married without children. He is 38 years old and his wife also works to support their home. He is a hard working and affectionate person. He sells bags of poultry feed at retail prices. His customers are usually friends and residents. He lives in Ogbomoso, Oyo state, Nigeria. He has been in this business for 5 years. Jacob is requesting a loan of NGN 80,000 to purchase more bags of poultry feed to sell. Jacob 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