Ajose sells groceries, foodstuffs, drinks and clothes in her shop located in her house. She has been in her business for the past three years and she is very happy with the nature of her business.
Ajose's business plan is to buy and sell more goods so she can continue to grow and improve in her business and profitability. She hopes for a very big supermarket in future. She is requesting a loan of 170,000 nairas to purchase more groceries, foodstuffs and drinks in bulk to sell to her numerous customers.
Ajose is married with four children, ages 3, 6, 9 and 12 years old, and they are doing fine. She hopes to assist her husband in sponsoring their education. She thanks Kiva and LAPO for this opportunity.
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