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Voluntary Savings Account

This is an additional savings account for clients who are already operating a Regular Savings Account. It gives clients the opportunity to save even as they pay back their loans.

  • No minimum opening requirement 
  • Easy access to your account
  • Payments can be made anywhere nationwide with our Pocket Money banking service
  • Designed to make LAPO MfB clients save even as they pay back their loans.
  • Expert financial advice available
  • Duly completed application form
  • 2 recent passport-size photographs
  • Current utility bill
  • A valid means of ID (national ID, driver’s license, voter's card or international passport)

1. Q: Who can operate Voluntary Savings Account?
    A: LAPO MfB clients accessing Regular loan

2. Q: How can one open and operate Voluntary Savings Account?
    A: A Client Support Officer automatically opens a Voluntary Savings Account for a client that wants to access regular loans. The client can then begin to make weekly or monthly savings deposits depending on his or her repayment structure.