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About School Fees
Education loan is a loan designed strictly for the payment of children’s school (Primary and Secondary) related expenses in Nigeria only. Education loan is aimed at protecting the cash flow of clients' businesses. This loan can be accessed by a client who is a member of a group (Union). Education Finance Loan is categorised under two main product offerings. School Fees-Designed for economically active parents/guardians who have the willingness to educate their children in private schools. This product is tailored to close the gap between the need of the child and what the parent can offer in regard to school fees/levies,uniforms,books and school bus fees.
Requirements for savings
- Loan application letter
- Two (2) guarantors
- 4 recent passport-size photographs
- Bank Verification Number (BVN)
- Current utility bill /Verification of Address
- Fill out an application form
- Valid ID – Driver’s ID, National ID or International passport.
States Covered
Provider Details
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.
About School Fees
Education loan is a loan designed strictly for the payment of children’s school (Primary and Secondary) related expenses in Nigeria only. Education loan is aimed at protecting the cash flow of clients' businesses. This loan can be accessed by a client who is a member of a group (Union). Education Finance Loan is categorised under two main product offerings. School Fees-Designed for economically active parents/guardians who have the willingness to educate their children in private schools. This product is tailored to close the gap between the need of the child and what the parent can offer in regard to school fees/levies,uniforms,books and school bus fees.
Requirements for savings
- Loan application letter
- Two (2) guarantors
- 4 recent passport-size photographs
- Bank Verification Number (BVN)
- Current utility bill /Verification of Address
- Fill out an application form
- Valid ID – Driver’s ID, National ID or International passport.
States Covered
Provider Details
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.
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