Home News Business LAPO MfB, Wevvo, Provides Support To Women Breadwinners

LAPO MfB, Wevvo, Provides Support To Women Breadwinners


LAPO MfB, Wevvo, Provides Support To Women Breadwinners

LAPO Microfinance Bank Limited, (LAPO MfB), a premium microfinance institution in Sub-Saharan Africa, has collaborated with Wevvo, a Non-Governmental Organization to provide support to female breadwinners, who are Widows, Divorcee or Single Mothers.

According to a statement made available to PROVIDENCE News, Cynthia Ikponmwosa, the Managing Director, LAPO MfB gave an insight to the collaboration and said, “LAPO MfB is a pro-women organization, which has for over 30 years provided easy access to micro-credits to women and free social advocacy services: health, legal aids, skills acquisition and scholarships for clients children to bridge the poverty gaps in a sustainable manner. Today, over one trillion Naira has been disbursed to women in Nigeria”.

“Women and children are among the most vulnerable groups in the world; this partnership is an alignment of vision aimed at #breakingbias and bridging vulnerability by providing easy access to financial services (i.e. credit, savings, insurance products) and social support system to this “special” set of women who are already breadwinners for their families in the society.

In the same light, Weyinmi Eribo, the  Founder and Chief Community Builder of Wevvo Nigeria explaining the collaboration with LAPO MfB said, “this initiative is borne out of the genuine passion to #breakthebias among these categories of women to enable them compete favourably, be of more value to themselves, their families and communities.”

“This partnership will also provide speedy and easy access to credit facilities for economically active female breadwinners, workforce and capacity training; savings and investment options, business advisory services and other social interventions.”