Mike A. is 60 years old and married with 10 children. He has a bakery where he bakes breads and meat pies which he learnt how to bake in Switzerland and in Germany. He is requesting the loan amount of N 80,000 to purchase more baking materials. He says thanks to Kiva and all 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