N. Chukwuma is 34-years-old, married and has four children. He sells provisions like toothpaste, noodles and bathing soap. He is requesting a loan to purchase more basic provisions to sell to his customers. He thanks all Kiva lenders and LAPO MICROFINANCE for their financial support.
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