Microfinance Bank Disburses N74bn Loan To MSMEs In Q1 - The Source

ADVERTISEMENT
  • Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
The Source
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
The Source
No Result
View All Result
Home News

Microfinance Bank Disburses N74bn Loan To MSMEs In Q1

The Source by The Source
July 11, 2023
in News
0
About N165bn deposits hit banks' coffers ― CBN
0
SHARES
134
VIEWS
Share on Facebookshare on whatsappShare on Twitter

Lift Above Poverty Organisation (LAPO) Microfinance Bank disbursed N74 billion in the first half of the year.

Mr Oluremi Akande, the bank’s Head of Marketing and Communications, confirmed the development on Tuesday.

According to Akande, LAPO in the last decade, disbursed over N1 trillion to owners of micro, small, and medium enterprises in Nigeria.

Akande disclosed that the bank’s 2023 strategic objective was to disburse over N200 billion by the end of the 2023 financial year.

“LAPO MfB remains committed to its core mandate of providing easy access to credits to owners of micro, small, and medium enterprises.

“Members of low-income households who are financially excluded from the formal financial sector will also benefit from the bank’s easy access to credit.

“This underscores our firm resolve to continue to promote economic activities and contribute meaningfully to economic growth,” he stated.

He also noted that LAPO MfB was committed to its over 30 years mandate of social and economic empowerment of members of low-income households and owners of micro, small, and medium enterprises in a sustainable manner.

Be the first to read it our next BREAKING NEWS, POLITICS, METRO. Click here to join our WhatsApp group

Tags: Microfinance BankMSMEs
Previous Post

Soludo Awards Scholarship To Real JAMB Top Scorer

Next Post

17,000 Teachers Suspended In Tunisia

The Source

The Source

Related Posts

PDP constitutes 1795 campaign, We won't allow detractors, PDP won't conduct, Crisis rocking PDP, a family affair, will be resolved soon, say Atiku's associates, PDP Wike BoT Chairman ,Jegede Osun PDP reconciliation ,Bauchi PDP Atiku Ningi,Niger PDP Gomna running-mate,Imo PDP to hold re-run primary election in four state constituencies, Atiku Edo PDP chieftain
News

Osun LG Crisis: GSI Survey Shows PDP’s Peaceful Approach to Crisis Resolution

by The Source
June 30, 2025
ITF Ratifies Osun as South-West Zonal Headquarters
News

2025: Osun Powers Ahead with Climate-focused Initiatives

by The Source
June 29, 2025
Egbedun @40: Akinleye Salutes Symbology Youthful Excellence, Legislative Distinction
News

Egbedun @40: Akinleye Salutes Symbology Youthful Excellence, Legislative Distinction

by The Source
June 28, 2025
Prof. Adepoju Calls on Women to Support Husbands, Launches Book on Fathers’ Sacrifices
News

Prof. Adepoju Calls on Women to Support Husbands, Launches Book on Fathers’ Sacrifices

by The Source
June 28, 2025
Fubara, Wike Sighted Together in Rivers State after Peace Talks
News

Fubara, Wike Sighted Together in Rivers State after Peace Talks

by The Source
June 28, 2025
Next Post
17,000 Teachers Suspended In Tunisia

17,000 Teachers Suspended In Tunisia

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tags

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Categories

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tag

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Recent Posts

  • Just In: PDP Announces Change of BoT Meeting Venue
  • Osun LG Crisis: GSI Survey Shows PDP’s Peaceful Approach to Crisis Resolution
  • NANS Speaks on Arrest of Suspects with NANS-Branded Vehicle

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In