Monday, 31 October 2011

LAPO to issue N4bn loan in Q12012

Lift Above Poverty Organisation (LAPO)
Microfinance bank limited has disclosed that
by March next year, it would disburse about
N4 billion to its customers.
The bank in September 2011 disbursed a
total of N3.2 billion. Godwin Ehigiamusoe,
managing director of the bank who
disclosed this in an interview with
BusinessDay also said by the end of October
this year, the bank would disburse about
N3.3 billion to low income people it is
He said there are lots of poverty alleviation
initiatives in the pipeline which the bank
wishes to implement in no distant time.
Ehigiamusoe who is an acknowledged
microfinance practitioner and founder of
LAPO has concluded plans to officially lunch
a book titled, “Issues in Microfinance:
Enhancing Financial Inclusion” in Lagos.
The book which contains 15 chapters would
be presented to the public on Thursday at
the Nigerian Institute of Management at 10
The event will feature Hayford Alile …… as
the chairman of the occasion, Fola Adiola,
founder of … the presenter and Segun
Ogidan, microfinance consultant as the
In the book, Godwin provides an insight
into the essential elements of microfinance.
The book examines microfinance schemes
and initiatives in Nigeria, such as the
indigenous savings and credit group, non-
profit credit scheme, so-operative financing,
government and private sector
interventions. It also explores the key
provisions of microfinance policy and
regulatory framework.
He relied on his several years of
engagement in the sector to address central
operational issues such as product
development, risk and delinquency
management, client relationship and
performance indicators management.
The author was careful to address key
issues of interest to a range of stakeholders
in the sector. These issues include the
nature and emerging features identifiable
with microfinance practice across the world,
history of microfinance initiatives in Nigeria
and common operational issues.

No comments:

Post a Comment