Adeyi S. is a 40-year-old married man with three children. To earn a living, he sells palm kernels to both retail and wholesale customers. He notes that he has a great deal of experience in this line of business. Now, he is seeking a loan in the amount of $675 (100,000 NGN) to purchase more palm kernels 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