Sunday is 46 years old and married with four children. His children are excelling in school and this makes him happy. He sells clothes at retail prices to his customers in the market. He hopes to own a classic boutique in the future. He loves this business because his customers pay cash when they come to purchase clothes. He does not want to incur debt in his business. He is requesting a loan of N70,000 to purchase more clothes to sell. He duly 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