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About LAPO Microfinance Bank Limited
Who We Are
Established in 1987, LAPO Microfinance Bank Limited (LAPO MFB) is a leading Nigerian pro-poor financial institution dedicated to combating poverty and fostering inclusive economic growth. Originally founded as a non-profit organization to support underserved communities, LAPO transformed into a fully licensed microfinance bank in 2010 under the regulatory oversight of the Central Bank of Nigeria. With over 1,001–2,000 employees and a vast network of 500+ branches, LAPO serves millions of low-income individuals, micro-entrepreneurs, and small businesses across Nigeria.
Mission & Vision
- Mission: To empower low-income Nigerians by providing sustainable, client-focused financial services that improve livelihoods and drive socioeconomic development.
- Vision: To be Africa’s foremost microfinance institution, creating opportunities for financial inclusion and poverty reduction.
Core Services
LAPO offers tailored financial solutions to meet the needs of its diverse clientele:
- Micro Loans: Affordable credit facilities for micro-enterprises, farmers, and traders.
- Savings Products: Secure savings accounts to encourage financial planning.
- Insurance: Affordable health, life, and asset insurance packages.
- Financial Literacy Programs: Training on savings, business management, and risk mitigation.
- SME Support: Customized loans and advisory services for small and medium-sized enterprises.
Operational Details
- Headquarters:
Annex, Irorun Plaza, 2nd Floor, 65 Kudirat Abiola Road, Oregun, Ikeja, Lagos, Nigeria.
- Map Location:
Latitude: 6.6059° N, Longitude: 3.3493° E (approximate coordinates for Ikeja, Lagos).
- Working Hours:
- Monday–Friday: 8:00 AM – 5:00 PM
- Weekends: Closed
Commitment to Inclusion
LAPO prioritizes underserved populations, with a focus on women empowerment (70% of clients are women), rural communities, and micro-entrepreneurs. By leveraging technology, including mobile banking and agent networks, the bank ensures accessibility even in remote areas.
Impact & Recognition
- Client Base: Over 3 million active customers nationwide.
- Awards: Multiple accolades for innovation in microfinance and social impact.
- Sustainability: Disbursed billions of Naira in loans, enabling businesses to scale and households to improve living standards.
Partnerships & Compliance
LAPO collaborates with international NGOs, government agencies, and development institutions like the World Bank and UNDP. It adheres to global best practices in governance, transparency, and environmental sustainability.
Contact Information
Tags: Microfinance, Financial Inclusion, SME Support, Women Empowerment, Poverty Alleviation, Rural Banking
LAPO Microfinance Bank remains a beacon of hope for Nigeria’s underserved, combining innovation, empathy, and sustainability to build a brighter economic future.
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