Onyekachi O. owns a store where he sells rechargeable phones and phones accessories. He is 27 years old and single. He hopes to get married soon. Onyekachi travels to Lagos and Onitsha to purchase rechargeable phones and phone accessories to sell in Benin City. He requests a $275 loan to purchase more rechargeable phones and accessories. He says thank you to all that make 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