LAPO MfB launches savings package for sustainable wealth, financial inclusion
The LAPO Microfinance Bank has introduced a new savings package tagged: “My Pikin and I (MPI)” to encourage financial inclusion for low income families.
Head, Communications, of the bank, Oluremi Akande, who spoke at the raffle event, held in Lagos recently, noted that
the MPI account is a carefully researched product designed to provide a simple savings platform with low entry requirements.
“My Pikin & I savings (MPI) account is a carefully researched product designed to provide a simple savings platform with very low entry requirements to help inculcate savings culture and greater financial inclusion for members of low-income households, small business owners, parents and guardians. Savers can open the account with as low as N200 and stand the chance of enjoying huge benefits such as: one-year free insurance cover, scholarship and interest earnings on savings.
“The objective of the promo was to encourage better savings culture/discipline among low-income earners, build sustainable wealth and to increase financial inclusion.
“Over 11,000 new accounts were opened during the three months promo; an indication that LAPO MfB is a trusted and preferred destination for savings.
“The star prize of a Tricycle was won by our client in the North-East zone, while the runner-up and other consolation prizes such as deep freezers, 5KVA generators and blenders are won by participants from various parts of the country.”
“LAPO MfB will continue to promote its savings products for greater adoption as a means of economic empowerment and financial inclusion, especially, to members of low-income households and owners of small medium enterprises in a sustainable manner.
