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BOP LAPO

Sector: Commercial • Location: Nigeria

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment consists of a up to three-year senior loan of US$8 million in local currency to LAPO Microfinance Bank (“LAPO MFB”), a long-standing IFC client, under the Base of the Pyramid Program (BOP Program), part of the IFC Fast Track COVID-19 Facility. The BOP Program is designed to enable LAPO MFB to provide much needed local currency funding to micro and small and medium enterpris

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Project Information

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The project “BOP LAPO” is an infrastructure initiative in the Commercial sector, located in Nigeria. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

active

Taiyo status

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Taiyo last update

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Contact

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Phone

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Email

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Address

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Description

Description

The proposed investment consists of a up to three-year senior loan of US$8 million in local currency to LAPO Microfinance Bank (“LAPO MFB”), a long-standing IFC client, under the Base of the Pyramid Program (BOP Program), part of the IFC Fast Track COVID-19 Facility. The BOP Program is designed to enable LAPO MFB to provide much needed local currency funding to micro and small and medium enterprises (MSMEs) that have been negatively affected by the COVID-19 pandemic in Nigeria. The Project is supported by IDA PSW Blended Finance Facility.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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