Taiwo is 42 years old, married, and has two children. He is a friendly and hardworking man. Taiwo is a laboratory scientist, but he loves his poultry business and it is highly profitable. He has a poultry farm where he rears poultry birds and sells eggs. He hopes to expand his business in future by adding a fish pond to his poultry business. Taiwo is requesting a loan of 100,000 NGN to purchase more poultry birds and feed. He thanks all Kiva lenders in anticipation for his loan.
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