I have a project I'm working on at the moment which requires funding
I had this idea fumbling within my brain about approaching LAPO microfinance bank for a loan.

I need advice on whether to go for it or not.
I also wanna know how they operate.
do they give loans up to #800,000?
do they require a presentation of collateral?


I hope to get suitable feedbacks from business individuals in the house.


Thank you.

Pls don't go to LAPO foe money dey ve diz jinx of people not repaying not because dey don't want to but dey don't achieve wat dey use dey money for.....it happened to 3people I knw look elsewhere not lapo pls

See guy no try am o. Dem dey use jazz give person money. You no go fit pay again. If dem wan give u money, na smiling Yoruba men or women go attend to u, if dem wan collect deir money, na one Ikechukwu or Chinedu go come tackle u. Person no dey use deir money do better thing o.

Rubbish talk. Lapo is the biggest micro finance bank in Nigeria . they even have investment by IFC. Its a world renowned micro finance bank. They give loans of 500 k and below as a micro finance bank. My cousins take money from them and they pay back. Loan money is not pot of soup money!

obua:
Rubbish talk. Lapo is the biggest micro finance bank in Nigeria . they even have investment by IFC. Its a world renowned micro finance bank. They give loans of 500 k and below as a micro finance bank. My cousins take money from them and they pay back. Loan money is not pot of soup money!

Am afraid, those who commented manove you may be right. I wanted to join their community program inw which members of a community will come together to form a group and request for loan from lapo. The first day I went to make enquiry about them from one of their members, I met two or three members of the group talking about how difficult it was to repay the laon they have received. I now discussed the issue with a lady friens , who is involved in business. She adviced me against it, siting examples of peeps that couldn't return what they took as loan from lapo. She sited many examples of people who couldn't pay back their loan.