John sells electronics to make a living. He is 31 years old and single without children. He sells at the market in Agbor, Delta State. He loves his business because it is highly competitive. He has been in this business for 5 years.
He is requesting a loan amount of NGN 100,000 to purchase more electronics to sell. He hopes to own an electronics company in the future. He says thanks to all Kiva lenders.
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