LAPO Microfinance Bank has concluded its season two of the Xpress Savings Promo, with a total of 101 customers walking away with cash prizes totaling N5 million. The promo, which ran for three months, saw an impressive influx of deposits, totaling over N1.8 billion during the period.
The draw for the promo was held in Lagos yesterday, and speaking at the event, Dorcas Thrope, Head of Corporate Planning at LAPO Microfinance bank, expressed satisfaction with the increased participation and savings recorded during the second season of the promo. Thrope noted that the bank witnessed a significant increase in savings, with customers depositing a total of N1.8 billion over the three-month duration of the promo.
During the draw, 100 customers were rewarded with a consolation prize of N40,000 each, while one lucky winner emerged with the star prize of N1 million. Thrope explained that customers qualified for the promo by simply saving N10,000 every month for three consecutive months, with a minimum balance of N30,000 at the end of the saving period.
Thrope remarked, “When we started this promo in season one, we had roughly about 50,000 customers. Season two has seen more customers come on board, and also, in terms of savings, we achieved over N1.8 billion in savings in three months. This impressive feat demonstrates that many people were previously unaware that they could save with LAPO Microfinance Bank, and we are pleased to provide a safe avenue for their funds. Beyond just savings, we aim to reward and appreciate our customers for their commitment to saving. Season two has been a success for us, and we eagerly anticipate season three.”
Gloria Bako, the Executive Director of Corporate Services at LAPO Microfinance Bank, emphasized that the Xpress Savings Promo aims to incentivize and appreciate customers for their loyalty over the years. Bako highlighted the various prizes awarded during the promo, including the star prize of N1 million and 10 consolation prizes of N40,000 each.
Bako reiterated, “The LAPO Xpress Savings Promo is designed to encourage our clients and assure them that LAPO Microfinance Bank keeps its promises. Season two aimed to reward clients who have been saving with us for 10 to 15 years, demonstrating our appreciation for their longstanding commitment. We doubled the prize amounts compared to the previous season, with the star prize now at N1 million and 10 consolation prizes of N40,000 each. This indicates that season three will be even more engaging and exciting.”
The success of the Xpress Savings Promo underscores LAPO Microfinance Bank’s commitment to promoting financial inclusion and encouraging a savings culture among Nigerians. The bank continues to provide a safe and reliable platform for individuals to save and grow their funds while offering attractive rewards and incentives to loyal customers. As LAPO Microfinance Bank looks ahead to season three of the Xpress Savings Promo, it remains dedicated to empowering its customers and fostering financial stability and prosperity in the communities it serves.
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