MEMBERS COUNT : 1761


LAPO MfB provides N489m insurance cover for clients

June 26, 2020

 542     468

LAPO Microfinance Bank  provided insurance cover  worth N489million  its  clients last year, the company has said.

 

For 2014-2019, the firm paid N1.88 billion claims.

 

“We have helped our clients achieve their business goals by giving them affordable credit facilities (micro-credit loans) to help them run profitable businesses and savings account packages to help them manage their financial resources efficiently. Most importantly, we provide insurance policies to protect their investments, businesses and savings from damages, financial loss or any unfortunate situation beyond their control. At LAPO MfB, all our loan products and savings account packages are insured with the Nigeria Deposit Insurance Corporation,” the bank said.

 

Continuing, the firm said the importance of safeguarding the properties, assets, lives and investments of its clients could not be over-emphasised. Small business owners are most vulnerable to disruptions in cash flow and business operations that can arise due to theft, fire outbreaks or poor health conditions of the owners. Therefore, it is important to create a mechanism to compensate clients when unfortunate events occur.

 

“We have developed insurance policies that are cost efficient and cover various incidents such as burglary, fire and disability. The bank ensures that insurance claims are paid in time and policy holders receive adequate compensation to cover losses incurred during any unfortunate incident covered in the insurance policy.

 

“To substantiate this point, we have processed insurance claims to our clients worth N1,881,552,440.59 from 2014-2019.

 

‘’The proficiency we have attained in rendering micro-financial services; our strong branch network spanning different regions of the country and our loyal customer base have properly positioned us to render insurance services to low and middle income earners.’’



Comments

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the firm said the importance of safeguarding the properties, assets, lives and investments of its clients could not be over-emphasised.


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Post by Sammy42 on 29 June 2020, 05:12 am

We have developed insurance policies that are cost efficient and cover various incidents such as burglary, fire and disability. The bank ensures that insurance claims are paid in time and policy holders receive adequate compensation to cover losses incurred during any unfortunate incident covered in the insurance policy.


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Post by Fk on 29 June 2020, 01:18 am

To substantiate this point, we have processed insurance claims to our clients worth N1,881,552,440.59 from 2014-2019.


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K


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K


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Hmmmmm


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I hope they won't pressurize the people to much ...Lapo is one microfinance bank i don't approve when it comes to loan


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Good


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Hmm


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Good news


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we provide insurance policies to protect their investments, businesses and savings from damages, financial loss or any unfortunate situation beyond their control


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Great move


Post by Anitajude on 27 June 2020, 06:59 am

“To substantiate this point, we have processed insurance claims to our clients worth N1,881,552,440.59 from 2014-2019.


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Okay


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good


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good update


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Lapo money????????


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I see


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Hmmm


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Okay


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Great update


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Atawodi


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Good


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LAPO Microfinance is doing great


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Nice help for business turn over.. Not too good for long term partnership


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Good one


Post by HorlamiArc on 26 June 2020, 22:50 pm

substantiate this point, we have processed insurance claims to our clients worth N1,881,552,440.59 from 2014-2019.


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Good one


Post by Chi145 on 26 June 2020, 22:45 pm

Ok


Post by TeTiTaKa on 26 June 2020, 22:37 pm

Nice caring


Post by Oladunni on 26 June 2020, 22:27 pm

Ok


Post by Velah on 26 June 2020, 22:12 pm

Good


Post by Franknero21 on 26 June 2020, 22:04 pm

LAPO?


Post by Olugboyo99 on 26 June 2020, 21:59 pm

Ok


Post by ICEBISHOP on 26 June 2020, 21:59 pm

Good


Post by Lekan24 on 26 June 2020, 21:48 pm

Good update


Post by Haybest on 26 June 2020, 21:43 pm

Good update


Post by Ella123 on 26 June 2020, 21:42 pm

U guys are doing a good work here


Post by Jesvic91 on 26 June 2020, 21:42 pm

Thanks for the update


Post by Dano22 on 26 June 2020, 21:36 pm

Thanks


Post by John1988 on 26 June 2020, 21:36 pm

OK


Post by Ebydollar on 26 June 2020, 21:31 pm

nice


Post by Nazee76 on 26 June 2020, 21:29 pm

Wow, Lapo is really reaching heights


Post by Joyce1 on 26 June 2020, 21:27 pm

Good


Post by Princeoj on 26 June 2020, 21:25 pm

Wonderful


Post by peace_Ife on 26 June 2020, 21:21 pm

Good


Post by Embracez on 26 June 2020, 21:12 pm

Nice


Post by Bolasco on 26 June 2020, 21:06 pm

Nice one


Post by Cynrustessy on 26 June 2020, 20:56 pm

Nice one


Post by Abbex4441 on 26 June 2020, 20:51 pm

Good


Post by Leshigbe on 26 June 2020, 20:25 pm

nice


Post by Slowzzy62 on 26 June 2020, 20:25 pm

Nice one


Post by Flare on 26 June 2020, 20:16 pm

Nice


Post by Annie on 26 June 2020, 20:08 pm

Good one


Post by Hammed14 on 26 June 2020, 19:44 pm

Nice


Post by ADE081 on 26 June 2020, 19:20 pm

The shareholders enjoined Cadbury Nigeria to continue to be innovative to remain competitive in the dynamic business environment.


Post by Oyeyemiezekiel1313 on 26 June 2020, 19:09 pm

that's very from the company


Post by Sassy on 26 June 2020, 19:07 pm

Nice


Post by Wahab14 on 26 June 2020, 19:00 pm

That is good, thanks for the information


Post by harunaishola on 26 June 2020, 18:56 pm

That is good, thanks for the information


Post by Lekson22 on 26 June 2020, 18:56 pm

Thanks for keeping me update on the latest


Post by DonStrings on 26 June 2020, 18:54 pm

Ok


Post by Kclight on 26 June 2020, 18:52 pm

Good


Post by EmmanuelAnebi on 26 June 2020, 18:52 pm

Hmm..


Post by Abenice85 on 26 June 2020, 18:49 pm

Thanks for keeping me update


Post by Kingjeffrey on 26 June 2020, 18:47 pm

Thanks for information


Post by Abenice on 26 June 2020, 18:39 pm

That is good, thanks for the information


Post by Djayemjay on 26 June 2020, 18:35 pm

Nice


Post by bensonmfon on 26 June 2020, 18:35 pm

Nice


Post by Kalason86 on 26 June 2020, 18:28 pm

Thanks for keeping me update


Post by Sawce on 26 June 2020, 18:27 pm

Okay


Post by Kalason on 26 June 2020, 18:25 pm

That is good, thanks for the information


Post by David Desmond on 26 June 2020, 18:11 pm

Wow


Post by Eagle13579 on 26 June 2020, 18:10 pm

Waoh


Post by daniel on 26 June 2020, 17:39 pm

Ok


Post by Wapzeepaul on 26 June 2020, 17:29 pm

Nice


Post by ibrahimyasir on 26 June 2020, 17:29 pm

Thank you


Post by Hasiya on 26 June 2020, 17:16 pm

Ok


Post by Queendiamond on 26 June 2020, 17:04 pm

Really


Post by Ucheboi on 26 June 2020, 16:55 pm

Nice


Post by Kingarob on 26 June 2020, 16:48 pm

Wow


Post by BOYCLYNT on 26 June 2020, 16:45 pm

Good


Post by Excel on 26 June 2020, 16:38 pm

Very good


Post by Ebuka247 on 26 June 2020, 16:08 pm

amazing


Post by Sus3 on 26 June 2020, 15:55 pm

Good


Post by Abdulahi ayodeji on 26 June 2020, 15:54 pm

Ok


Post by Sadiq2001 on 26 June 2020, 15:49 pm

that's very from the company


Post by Kosi1 on 26 June 2020, 15:39 pm

Thanks for the update


Post by Yinka2003 on 26 June 2020, 15:27 pm

that's very from the company


Post by Bbakuyai on 26 June 2020, 15:25 pm

For 2014-2019, the firm paid N1.88 billion claims.


Post by Oladayo12 on 26 June 2020, 15:09 pm

Thanks


Post by Vimaxy on 26 June 2020, 15:08 pm

Great


Post by Solomonjackson210 on 26 June 2020, 15:05 pm

Ok


Post by Micheal Akins on 26 June 2020, 14:53 pm

Nice


Post by kingman19 on 26 June 2020, 14:46 pm

Ok


Post by Pretty on 26 June 2020, 14:36 pm

Interesting


Post by Emmacharls on 26 June 2020, 14:16 pm

Ok


Post by Esther44 on 26 June 2020, 14:15 pm

Good


Post by Faith714 on 26 June 2020, 14:11 pm

Great


Post by Fortune212 on 26 June 2020, 14:11 pm

Great


Post by Sammy42 on 26 June 2020, 14:06 pm

‘’The proficiency we have attained in rendering micro-financial services; our strong branch network spanning different regions of the country and our loyal customer base have properly positioned us to render insurance services to low and middle income earners.’’


Post by Luvingeeh on 26 June 2020, 14:04 pm

Okay


Post by Presido234 on 26 June 2020, 13:54 pm

Okay


Post by Igochemelish on 26 June 2020, 13:51 pm

Ok


Post by Delabel on 26 June 2020, 13:50 pm

This is great news and amazing development, it's a life saving offer and thanks for the update


Post by folakemikelly on 26 June 2020, 13:49 pm

Good one


Post by Verablexin on 26 June 2020, 13:42 pm

Very good one


Post by Ujunwa12345 on 26 June 2020, 13:35 pm

Nice


Post by Spides on 26 June 2020, 13:30 pm

Kk


Post by Pelumi502 on 26 June 2020, 13:30 pm

Good


Post by Mufti on 26 June 2020, 13:27 pm

Okay


Post by Dupyem on 26 June 2020, 13:17 pm

Good


Post by Pryme on 26 June 2020, 13:15 pm

Good


Post by Aminu488 on 26 June 2020, 13:09 pm

Cool


Post by Omotolani on 26 June 2020, 13:03 pm

Lapo is really reaching heights


Post by Eucharia91 on 26 June 2020, 12:56 pm

Nice one


Post by Juliet nice on 26 June 2020, 12:54 pm

Okay


Post by Whayasay on 26 June 2020, 12:53 pm

Ok


Post by Evergreen on 26 June 2020, 12:52 pm

Okay


Post by Divine11164 on 26 June 2020, 12:51 pm

Nice


Post by Freshchris02 on 26 June 2020, 12:45 pm

Great


Post by Ibehinno on 26 June 2020, 12:44 pm

Ok..nice update


Post by Solomon55 on 26 June 2020, 12:44 pm

Okay


Post by Gideeyking on 26 June 2020, 12:36 pm

Ok


Post by Cynthia on 26 June 2020, 12:29 pm

Wow, Lapo is really reaching heights


Post by Cyrild on 26 June 2020, 12:20 pm

Very good


Post by Idoseg on 26 June 2020, 12:17 pm

Ok


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