About LAPO Microfinance Bank LAPO SME Loan

Big businesses require big loans. The LAPO Microfinance Bank “SME Loan” is a credit product designed specifically to support Small and Medium Scale Enterprises (SMEs) operators in Nigeria. Irrespective of the sector your enterprise is operating, LAPO MfB is willing to support you with a credit facility up to N5,000,000 to expand the enterprise. At an affordable interest rate, Nigerian SMEs can now maximize their potentials with the SME Loan for the expansion of their businesses.

Requirement for loan

Valid means of ID - a voter’s card, international passport or a driver's license
Two (2) guarantors
A duly completed application form
Utility bill (within the preceding 3 months)
Loan application letter
Bank Verification Number (BVN)
4 recent passport-size photographs

States Covered

Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, FCT-Abuja, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe & Zamfara

About provider

LAPO Microfinance Bank is a pro-poor financial institution committed to the social and economic empowerment of low-income households through provision of access to responsive financial services on a sustainable basis. The Institution was established in the late 1980s as a Non-Governmental Organization (NGO) by Godwin Ehigiamusoe in response to the effects of the implementation of the Structural Adjustment Programme (SAP) in 1986. In 2010, LAPO MfB obtained the approval of the Central Bank of Nigeria (CBN) to operate as a state microfinance bank and in 2012, it got an approval as a national microfinance bank. Over the years, LAPO MfB has emerged as a leading institution delivering a range of financial services to over a million people in Nigeria.

Location

Contact Address

Irorun Plaza, 2nd Floor Kudirat Abiola Way, Oregun P.M.B. 1729, Ikeja, Lagos State.

Loan Calculator

Loan Amount

10000
LOAN DURATION (MONTHS)
REPAYMENT FREQUENCY
MANAGEMENT FEE DEDUCTION
Management fee does not apply
MONTHLY INSTALLMENTS

Loan Summary

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All rights reserved. © 2024 AfricaCompare Limited
All rights reserved. © 2024AfricaCompare Limited