LAPO Microfinance Financial institution has been named Microfinance Financial institution of the Yr on the thirteenth version of the BusinessDay Banks and Different Monetary Establishments (BAFI) Awards. This marks the establishment’s twelfth consecutive win within the class.
The popularity underscores LAPO’s consistency, resilience, and innovation in Nigeria’s microfinance sub-sector, the place it continues to play a number one function in increasing monetary entry for low-income households and micro, small, and medium enterprises (MSMEs).
Talking on the award ceremony, Oluremi Akande, Director of Advertising and marketing and Communications at LAPO Microfinance Financial institution, described the award as a testomony to the financial institution’s sustained dedication to inclusive finance.
“LAPO has persistently received this award class, a transparent recognition of our invaluable contributions and impression via the supply of superior monetary providers to the final mile,” Akande stated.
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He added that LAPO operates via a community of over 500 branches throughout 34 states and the Federal Capital Territory (FCT) and has disbursed over N1.7 trillion in microloans to MSMEs since inception.
Past credit score provision, LAPO employs greater than 6,000 Nigerian youths, has awarded over 5,000 scholarships to college students, and stays actively engaged in selling environmental sustainability and social impression initiatives.
“We dedicate this award to our loyal clients and dedicated workers who’ve made our imaginative and prescient of monetary empowerment doable,” Akande added.
The BAFI Awards, organised yearly by BusinessDay, have a good time excellence and innovation throughout Nigeria’s banking and monetary providers business.
