Milestones

LAPO Microfinance Bank makes history as the first Microfinance Bank in Nigeria to raise funds from the Capital Market through Bond Issuance 

For the 4th time in a row, LAPO MfB won BusinessDay Newspaper's 'Microfinance Bank of the Year' award

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)

For the second time in a row, LAPO MfB emerged BusinessDay Newspaper's 'Microfinance Bank of the Year'

Lagos State government recognised LAPO MfB's contribution to the development of education in the state

LAPO MfB was awarded ‘Microfinance Bank of the Year 2013’ by BusinessDay and Leadership Newspaper

LAPO MfB celebrated one million client base, one billion dollars cumulative disbursement

LAPO MfB obtained approval from the Central Bank of Nigeria (CBN) to operate as a National Microfinance Bank

LAPO MfB commenced the implementation of Environmental, Social and Governance (ESG) initiative

LAPO MfB obtained approval from the Central Bank of Nigeria (CBN) to operate as a regulated State Microfinance Bank.

The LAPO MfB Scholarship Scheme was instituted with the $10,000 cash prize from Grameen Foundation Award for excellence

LAPO MfB won the Grameen Foundation Award for Excellence in Microfinance which came with a cash prize of $10,000

LAPO scaled up as a sustainable and effective lending institution drawing inspiration from best practice model of Grameen and ASA methodology in Bangladesh

LAPO was formally incorporated as a non-profit, non-governmental organization (NGO) with the Corporate Affairs Commission, a federal agency.

Ford Foundation gave first grant to LAPO

LAPO started as a non-profit entity at Ogwashi-Uku in present day Delta State