Joy started her business selling provisions, drinks and foodstuffs in 2000. She hopes to increase her profits as the demand for her goods is increasing. Joy has applied for a loan in the amount of N100,000 to purchase more merchandise. She is 38 years old and married with two children. Her husband is a police officer. She would like to thank 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