- Founder of LAPO microfinance bank, Dr Godwin Ehigiamusoe, said the company began with an idea that kick-started in his room
- According to him, he was self-running the company before he employed more hands who are currently more than 10,000
- The LAPO founder also admonished entrepreneurs to study the trend instead of jumping into any business
The founder of a popular Microfinance Bank in Nigeria and Sierra Leone, Dr Godwin Ehigiamusoe has revealed that he started the company known as LAPO from his living room and was running it for one year.
Dr Godwin made this disclosure while speaking exclusively with Legit.ng’s regional reporter Adewumi Adeoye recently in his office in Lagos.
He also revealed that he started with about three staff members which were eventually increased to ten.
The chairman noted that the greatest time that gave him joy was the day he would hand over their salaries to them.
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The expansion of grace
The Benin man gave gratitude to God for helping him take the company from an idea to a firm that has grown with more than 10,000 staff strength.
“Even though LAPO is big now, I set it up from my living room and I was running it for one year right from there.
As at that time, I was in the living room with about three staff members. As we progress, we eventually increased the staff strength to 10 and I could remember that the greatest time that gave me joy was the day that I would hand over their salaries to them (laughs).
Today, we have grown and now have more than 10,000 staff across the system," he told Legit.ng
Entrepreneurs should study the trend
He advised entrepreneurs not to just dabble into business but study the trends, and they should be more focused and avoid distraction of any form.
“Don't just say that you simply want to set up a business. That is very important. They need to be very focused. You must avoid distraction. Put your mind to what you are doing.
In my journey for instance, i had a lot of opportunities to be distracted. Some of them offered me international trips. People offered me great opportunity with all remuneration," he stated.
Earlier, Legit.ng reported that a young Nigerian graduate identified as Aderayo Adeshina has revealed that her make-up trade was responsible for her first international trip, which was to London.
Adeshina made this disclosure while speaking with Legit.ng's regional reporter, Adewunmi Adeoye, in Lagos on Tuesday, October 19.
The young lady, who studied chemistry at the university, said that the all-expenses-paid trip was to make a client up for her 50th birthday celebration.