Festival Loan

LAPO festival-Savings1

Festival Loan is a product designed to provide existing and prospective clients of LAPO MfB the capital to finance their businesses during festive periods. This loan is suitable for clients whose businesses usually experience high sales during festive periods and require quick fund to strengthen the business activities.

Features

  • Facility range: N50,000 (minimum) to N250,000 (maximum)
  • Methodology: Group
  • Duration: 4 months
  • Grace period: 1 month

Benefits:

  • No collateral
  • Access to a quick, higher loan to fund business activities
  • Training on basic financial management, business planning and customer relations
  • Flexible repayment structure
  • Low interest rate
  • Expert financial advice available