NGO Supports Farmers with N10.9bn Soft Loans

 

NGO Supports Farmers with N10.9bn Soft Loans

 

An NGO, Rural Development Initiative (RDI), a subsidiary of Lift Above Poverty Organisation (LAPO), said it has supported 129,637 rural farmers with N10.9 billion soft loans in 2019.

The Head Advocacy and Communication, LAPO, Mr. Wisdom Abhulimen, revealed this in a statement made available to journalists on Monday in Benin.

According to Abhulimen, the statistics were released by the Chairman, Board of Directors of LAPO, Dr. Osarenren Emokpae, at the organisation’s Annual General Meeting for the financial year ended Dec. 31, 2019.

Read this: 4 Reasons Why Some Farmers Keep Smiling To The Bank

He said that the chairman said that the N10.9 billion represented 49 per cent increase over N7.3 billion disbursed in 2018.

“The organisation has been pushing the developmental agenda in Nigeria and playing a leading role in addressing poverty, hunger and disease in the country.

“This is being achieved through innovative measures aimed at removing financial barriers to sustainable livelihood and preventing access to healthcare services,” He quoted Emokpae.

The chairman said the organisation would continue to deepen its services in targeted communities through the involvement of community-based organisations in programme implementation.

He appreciated the partners for supporting the LAPO dream of ensuring a poverty-free world.

 

 

 

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