Business

How LAPO builds capacity for sustainable growth

How LAPO builds capacity for sustainable growth

Conscious of its target to achieve five million clients by the year 2017, LAPO Micro finance Bank (MfB) has again churned out graduates from its Management Trainees and Talent Pool programme, in partnership with the German AFOS Foundation and the German Catholic Entrepreneurs Association (BKU) co-financed by the German Government.

The partnership is to strengthen the bank as regards its capacity to promote qualitative growth and to efficiently manage the quality of its services. Management trainee is a selection of people, fresh graduates with managerial skill through selection process and interviews in the bank to ensure best candidate in different areas of the organisation emerge.

The talent pool programme is a continuous improvement mechanism through which LAPO will identify, nurture and deploy selected employees to where they will be most effective to guarantee the sustainability of the bank growth process. The essence of the programme is to help the orgaisation effectively manage its exponential growth as anticipated in its strategic plan in the medium and long term period of 2013-2017.

Meanwhile about 12 candidates graduated the management trainees for 2015, compared to nine in 2013 with 39 candidates of talent pool. In his address titled, “Grooming Leadership and Sustainability,” MD LAPO MfB Mr. Godwin Ehigiamusoe, highlighted; skill, vision, competence, integrity and trust, among others, as some of the qualities a leader must possess.

“Leadership is about everything, you must invest in acquisition of knowledge to be a leader and commitment is important to sustainability,” Ehigiamusoe said.