The Social Impact Deposit (SID) Account is a deposit product designed to empower the vulnerable and the economically active poor in the society. The SID Account is an innovative deposit and investment platform that provides individuals the opportunity to make deposit with LAPO Microfinance Bank that can be used to improve on the social needs of low-income individuals.
The SID Account will be targeted specifically at economically active poor individuals in Nigeria. With a minimum deposit of N200,000 and a minimum tenor of 6 months, savers in return are rewarded with attractive interest that comes with the account. Other than the attractive interest on deposits, depositor is also entitled to nominate a child from a low-income household for LAPO Scholarship award.
To open an SID Account today, kindly contact us on: 0700-LAPOMFB (07005276643), 08176027495, 09053806173, 08113695819.