LAPO Microfinance Bank Sign MoU With Stallion Auto Keke To Procure, Fund Tricycles For Clients

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L-R: Mrs. Gloria Bako, Executive Director, Business Support, LAPO MfB, Mr. Mandar Ghadge, Business Head, Stallion Auto Keke Limited, Mrs. Faith Osazuwa-Ojo, Executive Director, Operations Division, Mr. Ritesh Mohan, Head Spares, Stallion Auto Keke Limited
Left-Right: Mrs. Gloria Bako, Executive Director, Business Support, LAPO MfB, Mr. Mandar Ghadge, Business Head, Stallion Auto Keke Limited, Mrs. Faith Osazuwa-Ojo, Executive Director, Operations Division, Mr. Ritesh Mohan, Head Spares, Stallion Auto Keke Limited.

LAPO Microfinance Bank has remained committed to providing its clients with the necessary tools to attain financial freedom and self-sufficiency, the bank has taken another giant step to ease its client’s financial embodiment.

LAPO Microfinance Bank Limited and Stallion Auto Keke Limited (SAKL) have signed a Memorandum of Understanding (MoU) to procure, fund tricycles for clients.

The initiative will enable the introduction, distribution, and funding of the purchase of the SAKL Bajaj RE250 tricycle product by Nigerians leveraging LAPO’s over 500 branch network, across 34 states including the Federal Capital Territory (FCT) Abuja and most importantly our micro-credit loan disbursement intervention.  

The MoU Signing Ceremony between LAPO Microfinance Bank Limited & Stallion Auto Keke Limited (SAKL) was held at Randekhi Royal Hotel, Benin City, Edo State on Wednesday 15th September 2021.

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L-R: Mrs. Gloria Bako, Executive Director, Business Support, LAPO MfB, Mr. Mandar Ghadge, Business Head, Stallion Auto Keke Limited, Mrs. Faith Osazuwa-Ojo, Executive Director, Operations Division, Mr. Ritesh Mohan, Head Spares, Stallion Auto Keke Limited
Left-Right: Mrs. Gloria Bako, Executive Director, Business Support, LAPO MfB, Mr. Mandar Ghadge, Business Head, Stallion Auto Keke Limited, Mrs. Faith Osazuwa-Ojo, Executive Director, Operations Division, Mr. Ritesh Mohan, Head Spares, Stallion Auto Keke Limited.

Speaking to Journalist during the event, Mrs. Faith Osazuwa-Ojo, Executive Director, Operations Division, states “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.”

She said “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. MandarGhadje, Business Head reiterates ”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 easy access through loans and distribution across the bank’s branch network across the country.

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

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