Josephine sells medicine and supplies in her pharmacy. She has been in this business for a long time.
Josephine lives in Okoko, in Lagos State, Nigeria. She is 32 years old and married. She has no children.
Josephine is a LAPO Microfinance client. She will use the loan of 140,000 naira ($1200 USD) to purchase more medicine and provisions for resale. She says "thank you" to all who made this loan possible.
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