Stanley O. is 40 years old and married with a child. His wife sells clothes. He makes and sells shoes. He also repairs worn out shoes.
He is requesting a loan amount of N70,000 to purchase more materials for shoe making. He is happy because he will make more sales during this festive season. He says thanks to all Kiva lenders 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