Taofeek sells tires to make a living in Ibadan, Oyo state, Nigeria. He loves this business because of the one-on-one interaction that he has with his customers. He hopes to grow his business to become bigger and stronger. He has been in this tires business for a long time and he is well known in his community.
Taofeek is 41 years old and is married with four children. His children are excelling in school and this gives him joy. He is requesting a loan of N150,000 to purchase more tires to sell. He 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