Sustainable finance is a process identified by LAPO Microfinance Bank Ltd in managing its financial, social and environmental risks, obligations and opportunities; it focuses on promoting the welfare of LAPO’s people, and preserving the planet in addition to superior financial performance. Our sustainability statement is to be ‘a sustainable Microfinance Bank that supports its partners to become proactive participants in positively impacting the environment and society through sustainable practices, meeting the economic and social needs of its clients while fulfilling the expectations of its stakeholders”.
LAPO MfB is committed to the empowerment of low-income Nigerians through access to responsive financial services on a sustainable basis. LAPO MfB recognizes that poverty is manifested in different ways such as ill-health, ignorance, illiteracy, too large family size, low self-esteem and inability to participate effectively in the informal sector of the economy.
LAPO MfB institution focuses on three core areas of empowerment; 1.Material wealth, 2.Health and 3.Social inclusion. Providing credit is a cost effective weapon to fight poverty and it serves as a catalyst in the overall development of socio-economic conditions of the poor, however we understand that focusing only on credit facilities without meeting other needs of our clients can affect the quality of our credit facilities such as diversion of funds.