Oredibe sells tires at retail prices to her customers. Her customers are usually friends and residents. She hopes to grow her business in the future by adding the sales of motor spare parts. She has been in this business for 4 years and she is experiencing progress in her business. She is 32 years old, married, and has 2 children. She has a good relationship with LAPO. (Lift above poverty organization) is committed to improving lives in Nigeria and elsewhere in Africa. She is requesting for a loan in the amount of NGN120,000 to purchase more tires to sell. She says thank you 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