Thank you

GraceMide1:


I apologize for responding now.
I can't really give you a definite description but I think this will help because that was how I found it.
From U.I, board a (bus,keke or even bike)to Bodija main market.from the main entrance of the market, Just keep on moving . In order to be calm, you may ask the traders for the description of Firstbank ( it's before Baobab).
Back to the description:
1. You can board a bike from the market junction/ entrance to Baobab microfinance or First bank(On the same lane.

Just be rest assured that Baobab Microfinance is within the market.

I hope this will help.

Interesting

oluFELAxy:
IF YOU HAVE VISITED LAPO AND OPENED AN ACCOUNT WITH THEM. FOLLOW THESE INSTRUCTIONS. Especially if it is more than one week you have opened account with them, you may have been paid and not realize it.

First thing is to note that LAPO does not send account number and initial alerts to their customers like commercial banks do. To verify your account number, you have to go to the bank and confirm or follow this process:

1. Dial *371# with the phone number you registered with LAPO.

2. If your account has been opened, it will ask you to register a 4 digit code for transactions. Input any 4 digit.

3. Then proceed to check balance. You will see two LAPO accounts now. The first one is the original account opened for you by LAPO (and most likely will contain the money you gave to them during your account opening)
The second account is where you should get your loan money from NYIF.

4. Check the balance of the second account and you may be lucky to be paid already. If not, just chill then. At least you know that the process to get your money is underway.

Thanks

Just did this, I saw only one account sha, the one I opened

I have been paid. I did my documentations last week but am still having issues accessing the fund. I have tried the *371# Lapo ussd code but it’s saying I cannot transfer to other banks. Pls people that have received earlier how did you access your funds?

leonJunior:
I have been paid. I did my documentations last week but am still having issues accessing the fund. I have tried the *371# Lapo ussd code but it’s saying I cannot transfer to other banks. Pls people that have received earlier how did you access your funds?

That's great. Visit their branch to get the cash.
Still expecting payment though.

Epistasis:


That's great. Visit their branch to get the cash.
Still expecting payment though.

just like that? Can’t someone come pick the cash electronically ie by transfer?

I also did my own documentation last week at LAPO Bodija, Ibadan branch but the account has not been open let alone disbursement

leonJunior:
I have been
paid. I did my documentations last week but am still having issues accessing the fund. I have tried the *371# Lapo ussd code but it’s saying I cannot transfer to other banks. Pls people that have received earlier how did you access your funds?

SamJoshybobo:
I also did my own documentation last week at LAPO Bodija, Ibadan branch but the account has not been open let alone disbursement

Really, I did mine too at that same Bodija Branch. I was there today, told me they are working on it. Those guys are yet to open the account.

I did my documentation at LAPO office last week, I have seen my account number but the account has not been credited yet

From their approach you'll know that they're useless. Directing security to attend to thier client

Epistasis:

Really, I did mine too at that same Bodija Branch. I was there today, told me they are working on it. Those guys are yet to open the account.

I did documentation last wk tues, ever since then no msg was sent to me. I had to visit their office yesterday when i tried d *371# code and showed nothing. The manager told me d acc has being created but yet to be credited, that i should check back on fri. That he will send a reminder if nothing shows up. He mentioned dat i will av to sign loan agreement form b4 i can assess d fund

SamJoshybobo:
From their approach you'll know that they're useless. Directing security to attend to thier client

So terrible. It's just well.

The manager just dey bobo you no. They never open the account, if they didi the #371* will work. Some of those LAPO people think it's thier usual loan

seyidollar4real:
I did documentation last wk tues, ever since then no msg was sent to me. I had to visit their office yesterday when i tried d *371# code and showed nothing. The manager told me d acc has being created but yet to be credited, that i should check back on fri. That he will send a reminder if nothing shows up. He mentioned dat i will av to sign loan agreement form b4 i can assess d fund

SamJoshybobo:
The manager just dey bobo you no. They never open the account, if they didi the #371* will work. Some of those LAPO people think it's thier usual loan

He showed me on d system

meauma1:


Yes, I have been credited. It's advisable to visit the branch (Baobab) for physical verification and documents signing.

.

Have you been able to withdraw the fund In your baobab account, m having difficulty doing that

Idrismusty97:
I just tried it the next day and it went through. I transferred 249,900 instead of the whole thing. Left N100 there, they deducted N4 sms, and about N40 transfer charges.

Still finding it to do my transfer too. O boy I pray I don't have heart attack

elMacho:
#Baobab, account opened yesterday, was credited today, buh their app is shit, cant even transfer the fund

Have you been able to transfer it now?

Monecoforreal:
I received mine last week but am finding it difficult to make transfer from Baobab app to my main account. Pls house I want someone to explain to me the steps involved to make the transfer. I.e the procedure. Tnks

Have you transferred it now? How did you do it

I'm sensing foul play somewhere, my account was credited, and I then proceeded to LAPO branch at Bódìjà Ibadan. I was given a form to fill and the schedule of my repayment. From my calculation, I'm supposed to be paying back 4,700+ every month for 60 months. The payment schedule reads 6,051 every month for 60 months. I refused to sign the documents and left the place.

Azidol:
I'm sensing foul play somewhere, my account was credited, and I then proceeded to LAPO branch at Bódìjà Ibadan. I was given a form to fill and the schedule of my repayment. From my calculation, I'm supposed to be paying back 4,700+ every month for 60 months. The payment schedule reads 6,051 every month for 60 months. I refused to sign the documents and left the place.

When did you open account and when were you credited?

Also are you sure you calculated right? Because the difference is 1000 something, which is huge in 60 months

mrNEMZY:


When did you open account and when were you credited?

Also are you sure you calculated right? Because the difference is 1000 something, which is huge in 60 months

I opened in June but I just realized that I have been credited last week, I didn't get alert. Infact I also loan calculator to confirm, then I got my answer correctly. Their calculation is wrong unless there is hidden explanation on the loan I don't know of

Using first bank loan calculator, I even got less to pay month. Around 4300

Azidol:
Using first bank loan calculator, I even got less to pay month. Around 4300

is first bank giving you the loan or nmfb-lapo/baobab

Azidol:


I opened in June but I just realized that I have been credited last week, I didn't get alert. Infact I also loan calculator to confirm, then I got my answer correctly. Their calculation is wrong unless there is hidden explanation on the loan I don't know of

Nawaa, did you ask them?

cybertyrant:
is first bank giving you the loan or nmfb-lapo/baobab

Irrespective of who is giving the loan. Amount to be paid every month is too much. Imagine paying 6051x60 = ₦ 363, 060. So you collect ₦250,000 to pay back ₦363,060?

mrNEMZY:


Nawaa, did you ask them?

That's the most funniest thing, they didn't attend to me, they instructed their security man to attend to me. I just left the place jare. I don't need their money again if that is how the payment will be.

Azidol:


Irrespective of who is giving the loan. Amount to be paid every month is too much. Imagine paying 6051x60 = ₦ 363, 060. So you collect ₦250,000 to pay back ₦363,060?

it is not as if they are begging you, afterall na you find them come, business is all about profit, if you divide it by 5 years, you will be paying 23k per year in interest, how about paying your loan back before that time, o boi find chair siddon, even if the money is free, some people wont be able to utilize it, they will use it f-ck ashawo, go club, buy iphone, no business initiative, an average business minded person can multiply that money 10x in 5 years, mtchew, ordinary small car wash dey make 200k plus per month, please reject spirit of poverty and all its forms, leave your comfort zone, pray that GOD delives you from spirit of fear, amen

Azidol:


Irrespective of who is giving the loan. Amount to be paid every month is too much. Imagine paying 6051x60 = ₦ 363, 060. So you collect ₦250,000 to pay back ₦363,060?

That means the interest rate is 9% instead of the 5% speculated here.
Use 9% to calculate the #250,000 loan, the interest at the end of the 5 years would be #112,500 totalling #362,500.

cybertyrant:
it is not as if they are begging you, afterall na you find them come, business is all about profit, if you divide it by 5 years, you will be paying 23k per year in interest, how about paying your loan back before that time, o boi find chair siddon, even if the money is free, some people wont be able to utilize it, they will use it f-ck ashawo, go club, buy iphone, no business initiative, an average business minded person can multiply that money 10x in 5 years, mtchew, ordinary small car wash dey make 200k plus per month, please reject spirit of poverty and all its forms, leave your comfort zone, pray that GOD delives you from spirit of fear, amen

Your Monica said it all

Epistasis:


That means the interest rate is 9% instead of the 5% speculated here.
Use 9% to calculate the #250,000 loan, the interest at the end of the 5 years would be #112,500 totalling #362,500.

Exactly my point

Azidol:
I'm sensing foul play somewhere, my account was credited, and I then proceeded to LAPO branch at Bódìjà Ibadan. I was given a form to fill and the schedule of my repayment. From my calculation, I'm supposed to be paying back 4,700+ every month for 60 months. The payment schedule reads 6,051 every month for 60 months. I refused to sign the documents and left the place.

Did u consider d moratorium?? Its a period of 12 months. If d moratorium is 12 months, it means u will pay for 48 months

seyidollar4real:

Did u consider d moratorium?? Its a period of 12 months. If d moratorium is 12 months, it means u will pay for 48 months

Just wanted to say this, I haven't received mine yet, but I heard from a previous recipient that you don't start paying back immediately. I'm not yet clear on it sha, but I think what you said is correct.