Monday, 18 May 2022
As a partner of The World Savings Banking and Retail Institute (WSBI), LAPO Microfinance Bank was in attendance at the Scale to Save event organized by WSBI with a broad mix of other financial service providers across countries. The event which held in Nigeria in March 2022, was a program to establish the viability of low-balance savings accounts and to understand the extent to which savings allow vulnerable people to boost their financial resilience and wellbeing.
Leading the delegation from LAPO MfB was the Head of Corporate Planning, Dorcas Thorpe, who spoke about the Bank’s activities, products and initiatives to engender financial inclusion for the financially under-served, while ensuring sustainable banking practices at the same time.
One of the products highlighted by Kimathi Githachuri (Scale2save Technical Lead - Anglophone Countries), as one of the most dynamic projects to come into Nigeria is the My Pikin & I Savings Account from LAPO MfB.
It’s an account which allows parents to save up money to secure the future of their children and comes with possible additional benefits such as a LAPO Scholarship opportunity, as well as a Hospital cash-back Insurance scheme.
Kimathi described the My Pikin & I Savings Account as a trans-generational project.
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