Mr. Chichi O. is 20 years old and learned the drink selling business for three years before he began his own business in 2005. He is requesting a loan amount of $800 to enable him meet the demands of his customers by buying more drinks for sale. He is still single, lives in Benin City, and is also a faithful LAPO client.
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