LAPO Sierra Leone (LAPOSL)
Sierra Leone
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
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
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Mar 2, 2010 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $31,450 | $433,026,275 | |
| Amount of Raised Inactive Loans | $0 | $284,450 | |
| Number Of Raised Inactive Loans | 0 | 210 | |
| Amount of Paying Back Loans | $0 | $93,244,525 | |
| Number Of Paying Back Loans | 0 | 101,183 | |
| Amount of Ended Loans | $31,450 | $339,497,300 | |
| Number Of Ended Loans | 55 | 443,704 | |
| Delinquency Rate | 0.00% | 2.45% | |
| Amount In Arrears | $0 | $1,453,320 | |
| Outstanding Portfolio | $0 | $59,267,023 | |
| Number of Loans Delinquent | 0 | 10,917 | |
| Default Rate | 0.06% | 0.95% | |
| Amount of Ended Loans Defaulted | $19 | $3,227,945 | |
| Amount of Ended Loans | $31,450 | $339,497,300 | |
| Number Of Ended Loans Defaulted | 1 | 9,845 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,519 | |
| Refund Rate | 4.21% | 0.94% | |
| Amount of Refunded Loans | $1,325 | $4,075,975 | |
| Number Of Refunded Loans | 2 | 4,599 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 100.00% | 74.01% | |
|---|---|---|---|
| Average Loan Size | $575 | $408 | |
| Average Individual Loan Size | $575 | $646 | |
| Average Group Loan Size | $0 | $1,747 | |
| Average Number Of Entrepreneurs Per Group | 0 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $903 | $3,348 | |
| Average Loan Size / GDP Per Capita (PPP) | 63.68% | 12.18% | |
| Average Time To Fund A Loan | 1.73 days | 4.68 days | |
| Average Dollars Raised Per Day Per Loan | $332.25 | $87.08 | |
| Average Loan Term | 7.28 months | 9.63 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 0 | 208,161 | |
|---|---|---|---|
| Journaling Rate | 0.00% | 40.12% | |
| Average Number Of Comments Per Journal | 0.00 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.00 | 2.66 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | N/A | N/A | 35.16% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | N/A | N/A | -0.08% | |
| Average Loan Size (% of Per Capita Income) | N/A | 35.80% | 46.79% |
- Country:
- Sierra Leone
- Capital:
- Freetown
- Official Language:
- English
- Population:
- 6,005,250
- Avg Annual Income:
- $903
- Labor Force:
- Data by occupation unavailable By Sector: agriculture: 49% industry: 31% services: 21% (2001 est.)
- Population Below Poverty Line:
- 68%
- Literacy Rate:
- 29.6%
- Infant Mortality Rate (per 1000):
- 158.27 deaths
- Life Expectancy:
- 40.58 years
Field Partner Staff
Ferguson AighobahiAugustine Anoma
John Anyanwu
Monica Dafiaga
Salieu Dumbuya
Vincent Igonor
Alfred Kajue
Aaron Kaye
Emmanuel Ojekhoa
Jonathan Osagiede
Iyobor Uhunamure

