Monday Aigbogon is 47 years old and married with four children. He sells foodstuffs like fufu made from soaked cassava. Fufu is a staple food in Nigeria. He purchases the cassava from farmers to make into fufu to sell.
He uses his motorcycle to supply fufu to his customers in the market. The demands for his fufu are high. He is requesting a loan amount of N70,000 to purchase more cassava to make into fufu to sell. He is indeed grateful 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