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About Overdraft
Overdraft is an individual loan product designed by LAPO MfB to assist clients with both business and household emergencies. Overdraft enables clients have access to funds for emergencies at a very low interest.
Requirements for savings
- Bank Verification Number (BVN)
- Current utility bill /Verification of Address
- Loan application letter
- Valid ID – Driver’s ID, National ID or International passport.
- Two (2) guarantors
- 4 recent passport-size photographs
- Fill out an application form
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 Overdraft
Overdraft is an individual loan product designed by LAPO MfB to assist clients with both business and household emergencies. Overdraft enables clients have access to funds for emergencies at a very low interest.
Requirements for savings
- Bank Verification Number (BVN)
- Current utility bill /Verification of Address
- Loan application letter
- Valid ID – Driver’s ID, National ID or International passport.
- Two (2) guarantors
- 4 recent passport-size photographs
- Fill out an application form
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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