Loan to LAPO Microfinance Bank, Nigeria
Sector: Commercial • Location: Nigeria
Source: International Finance Corporation (IFC)
The proposed project will support the expansion of LAPO Microfinance Bank (“LAPO MFB”), which was created by the transformation of the microcredit activities of Lift Above Poverty Organisation into a regulated financial institution in 2010. LAPO MFB provides credit and savings services to its target market of micro entrepreneurs, most of whom are small-scale traders in urban and peri-urban areas.
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed project will support the expansion of LAPO Microfinance Bank (“LAPO MFB”), which was created by the transformation of the microcredit activities of Lift Above Poverty Organisation into a regulated financial institution in 2010. LAPO MFB provides credit and savings services to its target market of micro entrepreneurs, most of whom are small-scale traders in urban and peri-urban areas. LAPO MFB also works with partners to provide insurance coverage and health and educational services to its clients. It currently serves over 500,000 clients across more than half of Nigeria’s 36 states and is expected to reach more than 2 million clients during the life of the project. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |