The repayment schedule is designed to suit the seasonal nature of such activities. This is a special kind of a loan that was designed for farmers and those who want to develop business in rural areas. Lift Above the Poverty Organization or LAPO started as a non-profitable and non-governmental organization with the aim to help the poorest and vulnerable people in the country. This is why LAPO MfC designed Agric Loan to finance the farming activities of individuals, group or corporate organisations. Q: Where can I access this Agric Loan? The loan term is 12 months. Sometimes, it lasts up to 4 years due to the technicalities involved in the business it is being funded with. As an example we want to consider a special loan, this one is popular among business people who want to strengthen and expand their business with the help of some extra funds. Federal Government Agric Loan: Starting a business in agriculture requires big capital. Since 1993 it works as a partner of Grameen Bank. You should know what kind of loan you need, collect all the required documents and visit the office of LAPO. Phone: +234-52-882168-9 The loans are required to be aimed for self-development or for development of ones business. P.M.B. Lapo offers unsecured loans of up to NGN 500,000 for small businesses and NGN5,000,000 for small and Medium-scale Enterprises. Education loans The bank’s Social Impact Deposit (SID) product allows socially responsible individuals deposit funds with the bank based on the understanding that the funds will be disbursed to the economically active poor. ID. To receive any kind of the loan a client should be eligible. The bank provides micro-credits, but it also helps people in some aggravating situations. Short Term Loan: Which covers a short period of time, say- 1 or 2 years. Kudirat Abiola Way, Oregun Usually, the process goes much faster and easier than in other banks. Features: Minimum - N50,000, maximum - N500,000; LAPO Place 18, Dawson Road, P.M.B. COMMUNIQUE OF THE 25TH LAPO ANNUAL DEVELOPMENT FORUM, 2018 Bond Rating Review Report -Agusto&Co, A valid means of ID (national ID, driver's license, voter's card, international passport). FAQ. [b][/b] JOB TITLE: Agricultural Client Support Officer (Agric CSO) DEPARTMENT: Branch Office JOB OBJECTIVE/SUMMARY: Any beginner of business can receive some capital to support or to start an enterprise. 1. Get your document ready. Agriculture is the pilllar of most economy and is primary to the social and economic growthof any nation. Follow these steps to get a loan from the Bank of Agriculture (BOA): 1. West Africa. Long Term Loan: This type of loan is for Agric products that take longer time to mature. Financial Planner Leadway Assurance Company Limited. The type of loan to support small or medium scale business. Documentation Reuired. Your business can be considered as such a guarantee of repayment ability. Asset loans 6. Clean energy loans 3. LAPO clients are welcomed to apply for loans, the process is not difficult. LAPO Microfinance Bank (MfB) Limited, has disbursed over N20 billion as agric loan to micro and small enterprises engaged in livestock, arable and tree crops farming, as part of efforts encouraging federal government’s diversification plan. Benin City, LAPO Microfinance has diverse kind of accounts that customers can open with them. 1729, Benin City, Edo State, Nigeria. Any person can turn to LAPO if he or she needs some help. LAPO Microfinance Bank Agric Loan. This is for those who payback any other kind of the loans accurately and in a term. Features. One more important requirement is that you should provide guarantee of the ability to pay the money back. Enterprise loans 2. The loan can be given for 32 weeks, the payments should be done weekly. The loan type was designed for those who want to invest assets and generate some income. 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Abuja Office Contact: 08110561391 LAPO HAS OVER 300 BRANCHES IN NIGERIA. A very good part of the agric loan is that the repayment is designated to conform to the seasonal nature of farming. Use a loan calculator that can be found on official website of LAPO. LAPO Place 18, Dawson Road, P.M.B. LAPO Microfinance Bank is the trusted partner to grow and expand your business. info@lapo-nigeria.org The best place to secure agric loan is agric bank or first bank, details later... Can you share the details you found. Phone: +234-52-882168-9 1729, LAPO has won a CBN award for its contribution to the agric sector. The product range includes: 1. If your enterprise needs more funds for development than this loan is for you. P.M.B. Small Business Loan (SBL) was developed to meet the needs of Small and Medium Scale business persons who could not assess loans from our regular branches as a result of the size of their business, which needed more funds than our regular branches could provide. Lapo Agric loan. Photo: pittsprovidescollegevatraining.com. This one can be provided to the householder or for business needs. Edo State, Nigeria. LOOKING TO GROW? Housing loans 4. REQUIREMENTS FOR LAPO LOAN Own a business Have a lock up shop (market inclusive) Open account with a minimum of N3000 Fill loan application form Obtain guarantor form (which must be filled by TWO guarantors) THAT’S ALL! 18, Dawson Road, This is why LAPO mico finance banks, created Agric loans to finance the farming activities of … West Africa. Features. The Agric loan is designed to finance the farming activities of individuals, group or corporate organisations. For more information about Agric Loan, kindly contact us on: 0700-LAPOMFB (07005276643) or 07051483208. Mar 2015 – Feb 2016 1 year. Lapo Agric loan. West Africa. LAPO Microfinance Bank Ltd desires to engage the services of bright and highly motivated individuals for the position of Agricultural Client Support Officer. 20% per annum for Micro credit loan (Non Agric) 14% per annum for YARN & GEM products . LAPO Microfinance Bank provides a range of unique financial and social empowerment services to low income households, micro and small businesses. READ ALSO: Lagos State Employment Trust Fund: loan scheme and application. This is a special kind of a loan that was designed for farmers and those who want to develop business in rural areas. 1729, Benin City, Edo State, Nigeria. West Africa. How To Apply For Loan At LAPO MFB And The Criteria You Must Meet To Be Eligible. 1729, Benin City, Edo State, Nigeria. The schedule of repaying the loan considers all the special factors of the farming cycle. The process of the application can be much faster if you have an account in LAPO bank. won the Best Microfinance Bank in Agricultural Financing under the Agricultural Credit Guarantee Scheme for the year 2015 by Central Bank of Nigeria (CBN). lapo loans are not meant for agric entreprenuers cos if u are given d loan u are expected to start paying back d loan in d next 30 days frm d day d check was given to u. Facility range: N50,000 (minimum) to N500,000 (maximum), Methodology: Individual, group and corporate. Fans react as BBnaija Dorathy visits co-star Prince’s family at the palace (photo, videos), Nollywood star Mercy Johnson and hubby celebrate daughter Purity on her 8th birthday, See my sweetie! View Iyoha’s full profile See who you know in common Get introduced Contact Iyoha directly Join to view full profile People also viewed Jonathan Osagiede. READ ALSO: How to get car loan in Nigeria, Leave your email to receive our newsletter, Get the hottest stories from the largest news site in Nigeria, Drop your mail and be the first to get fresh news, Discover easy registration steps and requirements for the JUPEB 2019 program, US visa renewal in Nigeria with the Dropbox, Diamond bank loan interest rate and main requirements, Main characteristics and benefits of Quick Check loan application. READ ALSO: LAPO microfinance bank loan: how to get? In 2016, LAPO MfB won the Best Microfinance Bank in Agricultural Financing under the Agricultural Credit Guarantee Scheme for the year 2015 by Central Bank of Nigeria (CBN). 2. Branch Head Austin Laz & Co. Plc. For Today We Are Going to Be Talking Aout The LAPO Agric Loan. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. READ ALSO: Agricultural grants in Nigeria 2018: how to get it and use wisely? LAPO Microfinance Bank, a subsidiary of the Lift Above Poverty Organisation (LAPO), has disbursed N89.6 billion as loan from January to August 2017 via 447 branches in 29 states and the Federal Capital Territory, ABUJA, as part of effort to grow micro and small businesses in the country. This loan is useful if one needs help in an emergency. Phone: +234-52-882168-9, Irorun Plaza, 2nd Floor 2 guarantors. It was designed by NEDOGHAMA Inc. and LAPO Bank. Dep… The organization provides different types of loans, the type of loan depends on the needs of the customer and his abilities to payback. Agric loans 7. Lagos Nigeria. For more information about Agric Loan, kindly contact us on: 030-900-606 or 030-900-602 Agriculture is the mainstay of any economy and is fundamental to the socio-economic development of any nation. Before the application, it is advisable to be sure about the proposal and select the suitable one among the types. The repayment schedule is designed to suit the seasonal nature of such activities. At LAPO, we believe everyone deserves the right to a credit facility. Phone: +234-52-882168-9 The micro-finance bank doesn't give huge amounts of money as a loan, it proposes short period of repayment. Here we have another overview of the company that can help you with financial questions. This kind of LOAN is designed for entrepreneurs. The loan is designed to cover all the expenses of the studying usually in Primary and Secondary schools. Here is the description of LAPO loan requirements, benefits and features. The schedule of repaying the loan considers all the special factors of the farming cycle. LAPO Microfinance operate interest rate at reducing balance except for agric loan, education and housing loan that are charge at flat rates. Agric Loan Programme Officer 2 LAPO Microfinance. Deposits 5. For more information about the SME Loans and other forms of Loans, Please contact LAPO MFB Representative on: 0700-LAPOMFB (07005276643) or 09053955916 A: Currently, you can access Agric Loan only in Ogun, Oyo, Edo, Rivers, Benue, Osun, Ondo, Kogi and Delta State. The first step towards getting a loan from BOA is to ensure that you have all requirement ready. The manager should check all the details, and make a decision about your request. Read on to find out all the details of loan application. Ikeja, Lagos State. Agric loan officer LAPO Microfinance 2015 - Present 5 years. Regular Loan is created to help meet the working capital needs of clients that run small businesses. The schedule of repaying the loan considers all the special factors of the farming cycle. LAPO Microfinance bank loan application, SME Loans www.lapo-nigeria.org. The monthly interest rate is between 0.75% to 6% depending on loan products/types. Benin City Nigeria. Q: Can I access Asset loan along Agric Loan? For more information about Agric Loan, kindly contact us on: 0700-LAPOMFB (07005276643) or 07051483208. Duly completed application form. Irrespective of your status, your desire for quick-support loan is what we are here to satisfy. The loan program can give you up to N5,000,000. In 2000 LAPO transformation into a micro-finance bank. Be a Government worker: You should be employed and already working in one of the government public sectors in Nigeria. Many people do not trust commercial banks to offer good loans with affordable interests, so they prefer good loans provided by the Federal Government because they think it’s more reliable and affordable. Mar 2016 – Jun 2016 4 months. A: Yes, LAPO Place Apply for the Agricultural Loan. Prospective clients must be practicing farmers with verifiable evidence of existing farm investments. If you discover after the first step that your business has access to agric loans, then you will have to visit the Bank of Agriculture (BOA) in your state to know the complete loan requirements for agric businesses and how you can apply for the loan. LAPO company created a convenient system, let’s see how to receive LAPO loan. Call Centre Number: +234-813-984-0230                    Landline: +234-816-938-9739. Microfinance lending is the provision of financial services for people who don’t have access to traditional financial services such as banks. This is why LAPO MfB designed Agric Loan to finance the farming activities of individuals, group or corporate organisations. How to get a loan from the Bank of Agriculture. 1729, Jun 2016 – Present 4 years 5 months. In 2016, LAPO MfB won the Best Microfinance Bank in Agricultural Financing under the Agricultural Credit Guarantee Scheme for the year 2015 by Central Bank of Nigeria (CBN). … Medium Term Loan: This type of Loan exceeds the period of 1 to 2 years. Thanks This is a special kind of a loan that was designed for farmers and those who want to develop business in rural areas. LAPO Microfinance Bank Loans And All You Need To Know. Federal Government Agric Loan Application Guide 2020. Features: Minimum – N50,000, maximum – N500,000; Available for Individuals, and groups; The term of the loan1-12 months This loan is designed for entrepreneurs who want to sustain their enterprises during the certain festive period. Created to help Meet the working capital needs of the ability to pay the back! For small and Medium-scale Enterprises for 32 weeks, the process of the customer and his abilities to payback years. 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