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Lapo microfinance bank. The most complete guide.

lapo microfinance bank

Lapo microfinance bank loan

Lift Above Poverty Organization (LAPO) microfinance bank has been helping individuals and small businesses for a while. The financial firm offers several loans. Some of them include regular loans, SME loans, asset loans, and many more.

Regular Loan

Here is a product structured to work on a union methodology. This type of loan is designed to provide working capital for clients who have small businesses. Individuals under this plan can have access to loans.

Features of the regular loan include:

Access to loans ranging from N30, 000 to N150, 000.

Its is methodology is individual loaning buy a group liability.

The repayment frequency is weekly.

The duration is 8 months.

The grace period is just 2 weeks.

Customers need to belong to a union before they can access the regular loan.

Benefits of the regular loan

  • The repayment structure is very flexible.
  • Interest loan is low.
  • No collateral.
  • Clients receive financial advice from experts.
  • Funds to expand a business is accessible.
  • Easy access to other types of business loans.
  • There is training in business planning, basic financial management, and customer relations.

SME Loan

 Another loan package by LAPO microfinance bank is the SME Loan.

This is a loan that supports Small and Medium Enterprises in Nigeria. It supports big business loans. A credit of up to N5, 000, 000 is available for business expansion.

Also, these loans come with affordable interest rates. The duration is 12 months.

Benefits of SME loan

  • The repayment structure is flexible.
  • You have access to financial advice from experts.
  • No collateral.
  • Training on customer relations, basic financial management, and business planning are available.
  • Easy access to funds for expanding your business.

How can I qualify for a loan at LAPO microfinance bank?

Below are some of the criteria for you to be eligible for a loan at the microfinance bank:

  • Two guarantors.
  • Utility bill.
  • Application letter for loan.
  • A valid ID card – International Passport, Driver’s License, National ID Card, or Voter’s Card.
  • Four passport photographs, recently taken.
  • A completed application form.

Lapo microfinance bank loan calculator

There is a loan calculator for any of the loans you would like to take from the LAPO Microfinance bank. The calculator shows you to interest rate, duration, and other vital information.

To use the loan calculator, please visit this page: LAPO Microfinance Bank Loan Calculator.

Lapo microfinance bank abuja, lagos, enugu, porthacourt and ibadan

The LAPO Microfinance bank has branches all over Nigeria, in all States.

Below are the addresses of their branch in Abuja, Enugu, Port-Harcourt, and Ibadan.

Abuja:

No. 12 and 13 Kubwa Shopping Plaza, Gbazango Extension, Kubwa, Abuja.

Enugu:

No. 177 Agbani Road, Uwani, Enugu State.

Port-Harcourt, Zonal Office:

Easy House, before UBA bank, Aba road, Rumukurushi, Port-Harcourt, Rivers State.

Ibadan, Oyo State:

No. 97, Fajuyi Road, Adamasigba Dugbe, Ibadan, Oyo State.

For the full list of all branches of the LAPO Microfinance bank in Nigeria, please see here: LAPO Microfinance Bank Branches in Nigeria.

Lapo microfinance bank head office address

The head office of LAPO Microfinance Bank is in Benin City, Edo State.

Here is the physical address:

No. 18, Dawson Road,

P.M.B. 1729,

Benin City,

Edo State, Nigeria.

Phone number: +234-52-882168-9.

Lapo microfinance bank bank app

You can get the bank app of LAPO microfinance bank on their website or Google Play Store.

Lapo microfinance bank who is the owner

Dr. Godwin Ehigiamusoe is the founder and CEO of LAPO Microfinance Bank LTD.

Mrs. Cynthia Ikponmwosa later emerges as the Managing Director. She is a foundation member of the LAPO story. Mrs. Ikponmwosa is committed to the economic and social empowerment of those in low-income households.

In 2001, Mrs. Cynthia joined LAPO NGO (the precursor of LAPO Microfinance Bank as a Senior Programme Officer. She played many key roles in the Group. Her leadership style is unique. She was able to transform LAPO into a regulated microfinance bank in the space of 2 years (2008 to 2010).

Mrs. Ikponmwosa holds a Bachelor’s degree in English Language from Ambrose Alli University, Ekpoma, Edo State. She also has a Master’s degree in Corporate Governance and Law from the University of Portsmouth, UK.

Lapo microfinance bank products

LAPO Microfinance Bank has several products for the public. Whether you choose to be a self-employed or a solo business owner in order to secure financial freedom, its services help you achieve your dream.

The products of this dynamic microfinance bank include:

  • Loans: Asset loans, education loans, small business loans, special loans, agric loans, SME loans, festival loans, and many more.
  • Savings: Individual savings, regular savings, festival savings account, voluntary savings account, and many more.
  • Clean energy.
  • Housing.

And many more products.

Lapo microfinance bank recruitment

Would you like to work with LAPO Microfinance Bank? You can always send your resume to [email protected]

Good luck!

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Lapo microfinance bank. The most complete guide.

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