LAPO Microfinance Bank

LAPO Microfinance Bank, established in 1987, is a dedicated financial institution focused on the social and economic empowerment of low-income households through accessible financial services. Originally founded as a Non-Governmental Organization (NGO) by Godwin Ehigiamusoe PhD, it transitioned to a microfinance bank, obtaining state approval in 2010 and national approval in 2012 from the Central Bank of Nigeria. The institution has since grown into a leading provider, extending its services to millions across Nigeria and internationally, with a core mission of fostering financial inclusion and poverty alleviation. Its product suite includes microfinance, loans, and SME banking, designed to uplift communities and promote sustainable economic growth.

Operating with a significant footprint, LAPO Microfinance Bank manages 4 locations and employs a workforce ranging from 1,000 to 5,000 individuals. This scale enables the bank to effectively deliver its specialized financial services, including microfinance, loans, and SME support, to a broad demographic. The organization's infrastructure and dedicated personnel are instrumental in executing its pro-poor financial strategies and driving economic development within the communities it serves. Meet LAPO Microfinance Bank's team to gain insight into the leadership and operational teams steering these critical initiatives.

With a reported revenue of $111.3M, LAPO Microfinance Bank demonstrates robust financial performance within the banking and finance sectors. The company has successfully secured funding, notably a $9.976M debt facility in 2015 from The International Finance Corporation, supporting its operational expansion and service delivery. Its comprehensive offerings cater to both B2B and B2C markets, with a strong emphasis on financial services for householdsView more...