Mr. Godwin A. is 49 years old. He is married with five children and lives in Benin City. He sells engine oil and solicits a loan of $525 to buy more gallons of engine oil for sale. He learned the business for a period of three years after which he started his own in 2003. He is a LAPO client.
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