NEDOGHAMA

Nedoghama

A loan product jointly designed by LAPO Microfinance Bank and NEDOGHAMA Inc. to promote the income generating activities of the low income “Bini” natives. This product can be accessed by a client who is a member of a group (Union).

Features

  • Facility range: N20,000 (minimum) to N80,000 (maximum)
  • Methodology: Group
  • Duration: 6 months
  • Grace period: 1 month

Benefits:

  • No collateral
  • Access to funds for business expansion
  • Flexible repayment structure
  • Very low interest rate