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Premal Shah, President & Co-Founder, Kiva
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Status Update: May 4, 2010 Kiva is currently performing a preliminary investigation on LAPO Nigeria to answer many of the questions raised about the organization’s social mission. While Kiva has begun to receive important information from LAPO Nigeria, we've chosen to take the prudential step of pausing the institution and its subsidiary, LAPO Sierra Leone, from further fundraising on Kiva. Please see LAPO Nigeria's partner page for further information.



Lift Above Poverty Organization (LAPO) launched its African Regional Initiative (ARI) in 2007. In March 2008, it began its operations in Sierra Leone with the primary aim of assisting a number of honest-hearted less privileged ones in the country break out of the grip of poverty, as well as expanding its operations to other African nations. This it does by doing the following:

1. Financially empowering owners of small scale businesses and micro-enterprises on affordable terms.

2. Support the development of Micro financing in the country by providing training and technical assistance to operators of micro finance.

3. Help individuals become self-dependent through access to credit in the micro finance sector.

Vision To be a first choice microfinance institution in delivering financial services while meeting the expectations of all stakeholders on a sustainable basis.

Mission To achieve the goal of economic empowerment of its target group through access to affordable financial services, delivered in a cost effective and innovative manner.

Core Values
• Innovativeness
• Integrity
• Simplicity
• Excellence
• Customer-centeredness

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 2, 2010 Oct 12, 2005
Total Loans $31,450 $961,155,050
Amount of raised Inactive loans $0 $542,525
Number of raised Inactive loans 0 264
Amount of Paying Back Loans $0 $144,022,675
Number of Paying Back Loans 0 178,942
Amount of Ended Loans $31,450 $816,589,850
Number of Ended Loans 55 1,025,481
Delinquency Rate 0.00% 8.18%
Amount in Arrears $0 $7,694,837
Outstanding Portfolio $0 $94,073,118
Number of Loans Delinquent 0 19,665
Default Rate 0.06% 1.40%
Amount of Ended Loans Defaulted $19 $11,449,953
Number of Ended Loans Defaulted 1 32,888
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,395,675
Refund Rate 4.21% 0.62%
Amount of Refunded Loans $1,325 $5,946,325
Number of Refunded Loans 2 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 75.32%
Average Loan Size $575 $399
Average Individual Loan Size $575 $631
Average Group Loan Size $0 $1,759
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $2,100 $5,882
Average Loan Size / GDP per capita (PPP) 27.38% 6.79%
Average Time to Fund a Loan 1.73 days 6.92 days
Average Dollars Raised Per Day Per Loan $332.25 $57.69
  Average Loan Term 7.28 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 500,450
  Journaling Rate 0.00% 41.44%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 47.00% PY 26.14% PY
  Profitability (return on assets) N/A -9.5% -1.25%
  Average Loan Size (% of per capita income) N/A 28.00% 16.85%

Country Fast Facts

Field Partner Staff

Ferguson Aighobahi
Augustine Anoma
John Anyanwu
Monica Dafiaga
Salieu Dumbuya
Vincent Igonor
Alfred Kajue
Aaron Kaye
Emmanuel Ojekhoa
Jonathan Osagiede
Iyobor Uhunamure