Lucky O. is 52 years old and is married with 4 children. He lives in Benin City, Nigeria. Lucky sells and repairs electronics. He learned this business in 18 months and he started his own business in 1992. He has been a LAPO client for the past 6 years.
Lucky needs a loan of $1, 200 USD to buy more electronics to sell. He says "thank you."
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