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Milestones

  • 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