Mr. Sunny A. is 49 years old. He learnt his business for 2 years and then started on his own in 2002. He is married with 5 children; he lives in Benin City, Edo State of Nigeria. He operates a business centre (typing, photo copying, graphic work and printing of documents). He has been in LAPO for 3 years as a leader of his union. He hopes to buy a printer and stationery with the $400 loan.
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