John is a business-man; he sells electronics in one of the popular markets in Benin City. He sells all kinds of electronics in his shop, e.g. automatic voltage regulator, DVD player, TV cable and more. He has been in the business for over 30 years. From this business he makes his living and takes good care of his family.
John wants to stock up his shop with more electronics. He is requesting for loan of NGN 100,000 to purchase more electronics to sell and to increase his income.
He is 60 years old, married, and has 3 children who are doing well. He says thank you to all kiva lenders for their financial assistance.
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