LAPO Hosts First Microfinance Sustainable Finance Conference

LAPO MfB championed the course for sustainable financing in the microfinance sector when it hosted the first Sustainable Finance Conference in Lagos recently in collaboration with the Global Alliance for Banking on Values.

The conference with the theme, ‘Enhancing Sustainable Finance in the Microfinance Subsector,’ aimed to promote the practice of sustainable finance and banking values especially among microfinance banks.

Speaking at the event, the Managing Director, Dr. Godwin Ehigiamusoe said: “Microfinance industry is growing, the industry has a large number of institutions and also considering the nature of our clients who are obviously active on the environment, I feel there is need for microfinance banks to adopt some of these principles as LAPO has done for the past six years.”

He further added that the bank has achieved paperless transactions in all its board meetings, management meetings, review meetings and has also decided to track the numbers of paper that would have been used and discovered it has been able to save millions of naira in doing that.

On his part, Executive Director, Global Alliance for banking on values (GABV) Mr. Marcos Eguiguren, said, “I think it is a great milestone for Nigeria to have a bank such as LAPO organising a conference on sustainable finance especially with a focus on microfinance industry that is why we are supporting this.