This microfinance bank was founded in the 1980s to assist less-privileged Nigerians to deal with the harsh economic realities that followed General Ibrahim Babangida’s Structural Adjustment Programme.
Lapo offers unsecured loans of up to NGN 500,000 for small businesses and NGN5,000,000 for small and Medium-scale Enterprises. Microfinance lending is the provision of financial services for people who don’t have access to traditional financial services such as banks.
Lapo is a very popular Microfinance bank loan in Nigeria used by traders, SMEs and artisans to float and keep up their businesses and its our first pick for microfinance bank loan in Nigeria.
