Micheal is a hard working and honest man. He wants to improve the quality of life for his family. He is 51 years old, married with four children. He hopes to give his children quality education. He lives in Ogbomoso, Oyo State, Nigeria. He sells chemicals and groceries at retail prices to his customers. He has been in this business for a long time. He is requesting a loan amount of NGN 80,000 to purchase more groceries and chemicals 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