Richard Uwunwmose makes furniture like chairs, cupboards and shelves. He has lots of customers who buy his furniture. He hopes to meet the desires of his customers during and after the festive season.
He is 46 years old and married with six children. His wife sells yams. He is requesting a loan amount of N140,000 to purchase more furniture materials to make more furniture to sell. He says thanks to Kiva and all the lenders.
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