LAPO Microfinance Group – Loan details
LAPO microfinance loans from ₦30,000 to ₦150,000 for underserved communities.
Loan amount
₦30K – ₦150K
Interest from
0.00%
Term
1 – 8 months
Approval
48 hours
Pros
- ✓ One of Nigeria's largest microfinance banks
- ✓ Nationwide presence (all 36 states)
- ✓ Group solidarity loans available
- ✓ Financial inclusion for unbanked Nigerians
- ✓ Decades of microfinance experience
Cons
- ✗ Group loan model requires solidarity group
- ✗ Higher interest rates than commercial banks
- ✗ Branch-based application (no online option)
- ✗ Smaller loan amounts (up to ₦500,000)
Requirements
- Valid ID (national ID, voter's card or passport)
- BVN
- Proof of business or income
- Solidarity group members (for group loans)
- Guarantor (for individual loans)
- Utility bill or proof of address
Company information
LAPO Microfinance Bank Limited
No. 8, Extension Road, Benin City, Edo State
https://www.lapo-mfb.com
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.