Abel sells drinks in wholesale and retail to customers. He has been in this business since 1990. He is seeking a loan of 850 USD to buy more drinks to sell, which will help him retain his customers and draw new ones. Abel is 38 years old and married to Nkiru who sells foodstuffs in the local market; they have two children. He says thank you to all 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