Mr. Kenneth O. is 39 years old, married, and has 2 children. He has been selling VCDs and provisions since 2004. This is a business he learnt for 3 years. He is equally a LAPO member. In future he plans to increase the variety of his VCDs and sell wholesale. He will be grateful if a loan in the amount of US$ 400 is given to him to enable him buy more VCDs and provisions for sale.
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