Christopher O. renders laundry services in his city. He loves this business because he is the only laundry man in his community and the demands for his services are high. He is an Igbo by tribe but he lives and works in Asaba, Delta state. He is single without children. He holds no regret going into this business. He hopes for a loan amount of N80,000 to purchase one washing machine to boost his business. 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