Favour O. owns a tailoring store. He sews clothes of different styles for people. His customers are both male and female. He is 35 years old and is married with four children. He lives in Benin City, Edo State, Nigeria. Since the festive season is fast approaching, he is requesting a loan of $525 to buy more clothing materials for sale and also for sewing. He thanks all those that made this loan possible.
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