Josephine A. is 30 years old and married with 4 children. She sells provisions and drinks. She hopes to make a phone booth to start the sale of rechargeable phone cards. She is requesting the loan amount of N100,000 to purchase more provisions, drinks and make a phone booth. She says thank you to all Kiva lenders for their financial support.
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