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LAPO  Supports Rural Farmers, Others With N19.9bn

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LAPO Supports Rural Farmers, Others With N19.9bn 

Lift Above Poverty Organization (LAPO) disbursed N19.9billion to clients through the LAPO Rural Development Initiative, LARDI, in the 2021 financial year. This figure represents 64% growth over the sum of N12.2 billion disbursed during the year 2020.

LARDI empowers economically active clients with a range of loan products including farming and enterprise development services.

The financial institution currently has 226,858 clients spread in 283 branches across 21 states. The Executive Director, Dr. Honestus Ayobami Obadiora, who stated this while reviewing the performance of LARDI, in Benin City, reaffirmed that the organization is committed to poverty alleviation and Nigeria’s agricultural development. 

He attributed LAPO’s outstanding performance over the years to strong institutional strength, staff commitment to excellence and hard work, adding that the organization was ready to maintain its superior performance trajectory.

Dr. Obadiora enjoined low-income farmers and small business owners to take advantage of the affordable loan opportunity offered by LAPO to enhance the growth and development of their farm and business enterprises. 

 

 


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