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About 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.
Requirements for savings
- 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
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 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.
Requirements for savings
- 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
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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