Ajoke thanks all who made her last Kiva loan possible, as having extra capital in the business gave her business a new outlook. She is a trader; she sells frozen food like turkey parts, chicken parts and foodstuffs in her shop. Ajoke has been in her business for the past 15 years and she is happy with the nature of her business.
Ajoke hopes for more expansion in her business. She wants to buy one deep freezer so she can open another shop where can sell and make more profit for her business and family upkeep. She hopes for a loan of 150,000 nairas to purchase a deep freezer to preserve her foodstuffs, frozen food like chicken, turkey and ice fish to sell.
Ajoke, 45 years old, is married with four children. She says thanks to lenders for the financial empowerment.
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