FAQ Categories
| General General questions about LAPO |
| Client Relations Questions that clients ask in subject to Client Relations |
| New to LAPO! Questions for new customers of LAPO! |
| Product And Services Questions related to Micro Credit Product And Services |
| Social Development Questions related to Social Development issues |
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Client Relations
Questions that clients ask in subject to Client Relations
Client Relations-FAQs
What are the factors to consider when starting a new business?
- FAQ
- Client Relations
However, anyone venturing into a business should not only depend on the ideas generated or his/her natural talent but should also consider the following factors:
1) The Market: The market consists of the people you want to sell your products to. I...
What LAPO credit granted should not be used for?
- FAQ
- Client Relations
Ceremonies or parties.
Gambling.
Further lending.
Domestic purposes e.g. buying [clothes, food stuff and property at home]except in the case of consumption loan if applicable.
...
How do i use the credit granted by LAPO?.
- FAQ
- Client Relations
What should one do with LAPO loan?
- It should only be spent on Income-Generating Activities [IGA]
- Repay it.
Why interest on loan or cost of service?
- FAQ
- Client Relations
Gives a sense of self-reliance by removing the aspect of charity.
Gives a sense of commitment and responsibility.
Sustainability.
Fights inflation.
...
What is Credit?
- FAQ
- Client Relations
Credit is an external support (finance), which is added to already existing assets repayable with interest over a specific period of time.
What are the determinants of Cost of Service?
- FAQ
- Client Relations
Rate of inflation.
Cost of fund (Capital).
Cost of Credit Delivery: Transportation to banks, Unions, Members,
Maintenance of Ledger
Cost of Labour.
Cost of IT Maintainance [Hardware and Software].
...
What are the Reasons for Credit?
- FAQ
- Client Relations
Lack of sufficient capital.
To push people up in their chosen businesses.
To raise the general standard of living.
To be financially self- reliant.
...
What are the Sources of Credit?
- FAQ
- Client Relations
Commercial Banks
Relations
Money Lenders
Osusu Groups
Friends
Cooperatives
MFB (LAPO)
...
All FAQs
- Are there any risk caring for those with HIV/AIDS?
- What are the Signs of HIV/AIDS on the body?
- What is Malaria infection?
- What are the Signs of malaria?
- How do I Prevent/Control Malaria?
- How do I administer Treatment of Malaria?
- What are the Benefits/Advantages of becoming a LAPO customer?
- What Is Voluntary Savings Product?
- What are the Duties/Obligations Of Members?
- What Is Group Leadership?
- Why Should Clients Save In LAPO?
- LAPO Operating Assumptions
- Concepts Of LAPO
- What are the Sources of Credit?
- What are the Reasons for Credit?
- What are the Components of Credit?
- What are the determinants of Cost of Service?
- What is Credit?
- Why interest on loan or cost of service?
- How do i use the credit granted by LAPO?.
- What LAPO credit granted should not be used for?
- What are the factors to consider when starting a new business?
- What is the Legal Status of LAPO?
- What LAPO is not?
- Why LAPO Started ?
- What are the Goal/Objectives of LAPO?
- What is Poverty?
- When was LAPO established ?
- What is LAPO ?
- Who is poor ?