Joyce sells groceries and soft drinks. She loves her business because her customers pay cash; she does not offer credit because she does not want to incur debt. She hopes for a loan amount of N80,000 to purchase more groceries to sell. She is 38 and married with five children. Her husband is a commercial driver. Joyce is a hard-working woman determined to lift her business and family above poverty. She 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