The Lift Above Poverty Organisation (LAPO), one of Nigeria’s licensed national microfinance banks (MfBs) on Friday reported that it disbursed N19.97 billion loans to 183,000 Micro Small and Medium Scale Enterprises (MSMEs), through the LAPO Rural Development Initiative (LARDI) in 2021. The MfB’s Executive Director, Dr Ayobami Obadiora, disclosed this during the 2022 Annual Media […]
Agusto and Co, Nigeria’s leading research and rating company, has affirmed the “A-” rating assigned to LAPO Microfinance Bank Limited. The rating assigned to LAPO Microfinance Bank, which will expire on 30 June 2019, reflects the bank’s strong market position, good capitalisation, good liquidity and funding profile. Despite the impressive rating of the micro lender, […]
The Development Bank of Nigeria on Tuesday disclosed that it has entered into partnership with LAPO Microfinance Bank to support 10,000 Micro, Small and Medium Enterprises (MSMEs) with low interest loans. The bank stated that the loan was part of various initiatives aimed at tackling the financial challenges facing MSMEs nationwide. The bank’s Managing Director, […]