Finance

LAPO MfB disburses over N74bn In Q1

LAPO MfB disburses over N74bn In Q1

LAPO Microfinance Bank Limited (LAPO MfB) a premium microfinance institution in Nigeria, has disbursed over N74 billion in the first half of the year 2023.

In a statement issued by the bank, Oluremi Akande, Head of Marketing and Communications, stated that “LAPO MFB remains committed to its core mandate of providing easy access to credits to owners of micro, small, and medium enterprises as well as members of low-income households who are financially excluded from the formal financial sector. This underscores our firm resolve to continue to promote economic activities and contribute meaningfully to economic growth.”

Read:  We’ve invested $1.6bn in Nigeria –AFC

Akande reiterates “LAPO MfB, in the last decade, disbursed over N1 trillion to owners of micro, small, and medium enterprises in Nigeria. Our 2023 strategic objective is to disburse over N200 billion by the end of the financial year.

Read:  Nigerian banks to stop accepting old £20, £50 notes Dec 31

LAPO Microfinance Bank is committed to its over 30 years mandate of social and economic empowerment of members of low-income households and owners of micro, small, and medium enterprises in a sustainable manner.

Read:  Analysts expect MPC to raise lending rate

Leadership

Related posts

Naira exchange rates August 2022

NigGal

World Bank says Nigerians got richer as Income Per Capita surges to $5,250 in 2021.

NigGal

How to manage your budget

NigGal

Coca-Cola set to celebrate 7 decades in Nigeria

NigGal

Titan Trust seeks mandatory takeover offer to Union Bank shareholders

NigGal

Abbey Mortgage Bank to hold AGM on May 31

NigGal

Leave a Comment