LAPO, Stallion Sign MOU On Keke Financing

LAPO Microfinance Bank Limited and Stallion Auto Keke Limited (SAKL) have signed a Memorandum of Understanding (MoU) that will enable the introduction, distribution and funding of the purchase of the SAKL Bajaj RE250 tricycle product by Nigerians leveraging facilities from LAPO.

Speaking to journalists during the event, Mrs. Faith Osazuwa-Ojo, Executive Director, Operations Division, said:

“As a leading Microfinance bank in Nigeria, we remain committed to our over 30 years mandate of social and economic empowerment of members of low-income households. Our partnership with SAKL underscores an alignment of a common vision of social and economic empowerment through the provision of easy and reliable platforms to actualize the dreams of economic-dependency of an average Nigerian in a sustainable manner”

Representing the Managing Director SAKL Mr. Mandar Ghadje, Bussiness Head, said” Stallion Auto Keke Limited is a leading global player in the tricycle business, the Bajaj RE 250 is super durable with best carriage capacity with aftersales support. Our partnership with LAPO Microfinance Bank Limited will enable for easy access through loans and distribution across the bank’s branch network across the country.”

The statement deposed that LAPO Microfinance Bank will continue to seek worthy partnerships in furtherance of the realization of its vision of empowerment of members of low-income households.

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