Sola B. is a 35-year-old married man with three children. He lives in Ogbomosho, in the Oyo state of Nigeria, where he sells tailoring materials such as sewing threads and sewing needles. In addition, he makes lovely designs for his customers. He also explains that he has been in this line of business for a long time. Nevertheless, he is hoping to expand his business, so he is seeking a loan in the amount of $350 (50,000 NGN) to purchase more tailoring materials for resale purposes. 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