Aderemi is 40 years and married with five children. He is a hard working man and he is determined to lift his business and family above poverty. He lives in Ogbomoso, Oyo state, Nigeria. He is a fashion designer by profession and he sells sarongs. With these combined businesses, he hopes to meet the basic needs of his immediate family. He has been in this business for 20 years. He is requesting a loan of 50,000 NGN to purchase more tailoring material and clothes to sell. He says thanks 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