Milestones
2018
LAPO Microfinance Bank makes history as the first Microfinance Bank in Nigeria to raise funds from the Capital Market through Bond Issuance
2017
For the 4th time in a row, LAPO MfB won BusinessDay Newspaper's 'Microfinance Bank of the Year' award
2016
LAPO MfB won the Best Microfinance Bank in Agricultural Financing under the Agricultural Credit Guarantee Scheme for year 2015 by Central Bank of Nigeria (CBN)
2015
For the second time in a row, LAPO MfB emerged BusinessDay Newspaper's 'Microfinance Bank of the Year'
2015
Lagos State government recognised LAPO MfB's contribution to the development of education in the state
2014
LAPO MfB was awarded ‘Microfinance Bank of the Year 2013’ by BusinessDay and Leadership Newspaper
2013
LAPO MfB celebrated one million client base, one billion dollars cumulative disbursement
2012
LAPO MfB obtained approval from the Central Bank of Nigeria (CBN) to operate as a National Microfinance Bank
2012
LAPO MfB commenced the implementation of Environmental, Social and Governance (ESG) initiative
2010
LAPO MfB obtained approval from the Central Bank of Nigeria (CBN) to operate as a regulated State Microfinance Bank.
2008
The LAPO MfB Scholarship Scheme was instituted with the $10,000 cash prize from Grameen Foundation Award for excellence
2006
LAPO MfB won the Grameen Foundation Award for Excellence in Microfinance which came with a cash prize of $10,000
2004
LAPO scaled up as a sustainable and effective lending institution drawing inspiration from best practice model of Grameen and ASA methodology in Bangladesh
1993
LAPO was formally incorporated as a non-profit, non-governmental organization (NGO) with the Corporate Affairs Commission, a federal agency.
1991
Ford Foundation gave first grant to LAPO
1987
LAPO started as a non-profit entity at Ogwashi-Uku in present day Delta State