Williams is a businessman who runs a road transport business in Benin City. He lives with his family in Benin City as well. He has been in the transportation business for over thirty-five years and with it he makes his living.
With the business, Williams is able to provide for his family’s financial needs and also to repay his LAPO loan. His wife also provides support in taking good care of the home.
However, Williams’ bus is not in good shape and he wants to put it back into shape to enable him to continue with his transportation business. He is requesting the loan of NGN 100,000 to purchase spare parts to fix up his bus. He expresses great thanks to all Kiva lenders and to LAPO micro-finance.
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