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).Nedoghama loan was designed for the Bini speaking group of Edo State with priority to be given to women. The Product is funded by a non-profit organization to empower Bini indigenes in Edo state.

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


  • No collateral
  • Access to funds for business expansion
  • Flexible repayment structure
  • Very low interest rate
  • Duly completed application form
  • 2 guarantors
  • 4 recent passport-size photographs
  • Current utility bill
  • A valid means of ID (national ID, driver’s license, voter's card or  international passport)

1. Q: Can I access this loan if I am not a Bini indigene?
    A: No. The loan is restricted to low income "Bini” natives.

2. Q: Do I need to provide any document to prove that I am an indigene of Bini?
    A: Yes.

3. Q: Can I access Nedoghama loan outside Benin City?
    A: No. This loan can only be accessed in Benin City, Edo State.