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About LAPO Microfinance Bank Special Loan

This loan product is designed to meet the credit needs of clients who desire bigger loan sizes to strengthen their businesses. They must successfully complete the repayment of the regular loan overtime. It is an advanced package of the Regular Loan that can be accessed by union members.

Requirement for loan

Valid ID – Driver’s ID, National ID or International passport.
Bank Verification Number (BVN)
Two (2) recent passport photographs
Current utility bill /Verification of Address
Two (2) guarantors
Fill out an application form
Excellent repayment performance while accessing Regular Loan

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

50000
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