LAPO Microfinance Bank is an off-shoot of the Lift Above Poverty (LAPO) Organization, initiated in the late 1980s in response to the fallout of the implementation of the Structural Adjustment Program (SAP). The Institution was incorporated in April 2007 and licensed to operate as a regulated State Microfinance Bank by the Central Bank of Nigeria (CBN) in 2010. It became a National Microfinance Bank in 2012. LAPO Microfinance Bank provides a range of financial products and solutions to assist micro, small and medium enterprises, and members of low-income households in 34 of the 36 states in Nigeria, including the Federal Capital Territory, Abuja and boasts of a broad network of over 500 branches.
