Individual Savings – LAPO Microfinance Company SL Limited

INDIVIDUAL SAVINGS

This savings account enables clients save money to meet future needs, emergencies and also encourage savings habit. The Individual Savings Account attracts interest on it overtime

  • Minimum opening and operating balance is Le50,000
  • Low entry balance
  • Easy access to your account
  • Payments can be made anywhere nationwide with our Pocket Money banking service
  • Available to all individuals
  • Expert financial advice available
  • Duly completed application form
  • 2 recent passport-size photographs
  • Current utility bill
  • A valid means of ID (national ID, driver’s license, voter’s card or international passport)

1. Q: How do I open Individual Savings Account?
    A:  To open an Individual Savings Account, you need to fill out the account opening form, bring 2 recent passport-size photographs, utility bill and a valid means of identification to any LAPO Microfinance branch closest to you.

2. Q: Do I need a guarantor to open Individual Savings account?
    A: No

3. Q: Who can operate an Individual Saving Account?
    A: Anybody can operate the account.