To earn a living, he is in the printing business; more specifically, he uses his printer to print designs for his customers. Now, he is requesting a loan in the amount of N70,000 ($600) to purchase a second-hand computer for designing purposes. By doing so, he will be able to reduce his costs because he is currently completing his design jobs elsewhere. In turn, he firmly believes that he will generate an increase in his profits. He thanks all Kiva lenders for their financial support.
Important InformationThe 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
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