Michael O. is 44 years old and married with 4 children. He sells fresh tomatoes to market vendors. He has been running his own business for 3 years and been a LAPO member for 2 years. He lives in Benin City. He is requesting a $1,200 loan to buy more fresh tomatoes 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