LAPO Microfinance Bank Wins Big at The Industry Awards, Reaffirms Leadership in MSME Support

LAPO Microfinance Bank, a leading financial institution, has once again reaffirmed its industry leadership by clinching two prestigious accolades—“Microfinance Bank of the Year” and “Best Microfinance Bank in Support of MSMEs”—at the recently held Industry Awards. These recognitions underscore LAPO MfB’s unwavering commitment to financial inclusion, economic empowerment, and the sustainable growth of Micro, Small, and Medium Enterprises (MSMEs) across Nigeria.

Over the past year, the bank has significantly expanded its portfolio of SME-focused financial products and non-financial support services, positively impacting thousands of entrepreneurs nationwide.

Speaking on the double win, Mr. Oluremi Akande, Director of Marketing and Corporate Communications at LAPO Microfinance Bank, stated: “These recognitions are a testament to our deep-rooted commitment to serving the underserved. At LAPO, we believe in the transformative power of microfinance to uplift individuals, businesses, and communities. We dedicate these awards to our customers, partners, and employees who drive our mission every day.”

Through targeted loan products, capacity-building initiatives, and community-based support, LAPO continues to provide access to credit for women-led businesses, rural entrepreneurs, and MSMEs—while also championing financial literacy and inclusion.

These latest awards add to LAPO’s growing list of accolades and further reinforce its position as a catalyst for social and economic transformation within Nigeria’s financial landscape. With a client base of over 6.4 million, a staff strength of 7,024 employees, and a branch network of 536 locations across 34 states including the FCT, LAPO maintains a loan portfolio of ₦106.2 billion, a deposit balance of ₦59.2 billion, a cumulative loan disbursement exceeding ₦1 trillion, and an asset base surpassing ₦124 billion.