E. Oliver is 32 years old, still single, and lives in Benin City. He has a store in one of the famous markets in Benin City where he sells shoes, bags and female clothing. He learned this business for 4 years and started in 2001 and has been in LAPO for 2 years. He is soliciting a loan of $850 to enable him to buy more shoes, bags and female clothing 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