Please i want people who know about the LAPO MICROFINANCE BANK, I have some amount of around 200k which i dont have plan to use for anything now. so i am planning to keep it in the bank, but i dont want use the common bank like GTB,UBA,ECO etc cos i want a bank that can borrow me money if i keep the money with them for the next 4 to 6 month please i need ur opinion thanks .

Walk to any of its branches

What are you looking at - low interest rate or just funds to make up what you have?

Blackkie:
What are you looking at - low interest rate or just funds to make up what you have?

What happened is. I have some cash of around 200k I want to use it to set up a business by August 5th is year I now think if I put it in a microfinance bank at the end of 5 to 6 month they an borrow me something around 600 k with low I Teresa. Thanks

ojuoluwani:
Please i want people who know about the LAPO MICROFINANCE BANK, I have some amount of around 200k which i dont have plan to use for anything now. so i am planning to keep it in the bank, but i dont want use the common bank like GTB,UBA,ECO etc cos i want a bank that can borrow me money if i keep the money with them for the next 4 to 6 month please i need ur opinion thanks .

LAPO is supposedly one of the leading MfB's with about the smallest interest rate on loans, a flexible repayment structure and no collateral is required for loans (check their website www.lapo-nigeria.org) and so i think they might be a good option for you; especially with the fact that you might want to borrow some money later on after saving with them.

poilkjh