Sunday K. is a 40-year-old married man with three children. He lives in Ogbomosho, in the Oyo state of Nigeria, where he crushes and sells palm kernels for a living. He explains that there is a high demand for palm kernels, and that he is eager to meet the demands of his customers. As such, he is seeking a loan in the amount of $675 (100,000 NGN) to purchase more palm kernels to resell. He thanks everyone for their 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