Fegbemi O. is 38 years old and married. He lives with his wife and their only child. Each day, Fagbemi sells a variety of foodstuffs in a market to many regular customers. In order to expand his business and increase his profit, Fagbemi is requesting a loan of $700, which he will use to purchase a greater number of food items for his customers.
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