Mr. Patrick O. is 42 years old. He is married, has 2 children, and lives in Benin City. He sells handsets to people living in his community. He requests a loan of $700 to buy more handsets to sell. He believes that the loan will help him increase his business. He has been a LAPO client for 2 years.
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