Tunde sells building materials at retail prices to his customers. He has been in this business for a long time, and he uses his experience in business to attract and retain more customers. He hopes to expand his business. He is 37 years old and married with three children. His wife has a beauty salon, and she also supports her husband in meeting the basic needs of their family. He is requesting a loan in the amount of 80,000 NGN in order to purchase more building materials to sell. He thanks 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