The best value in your area. Backed by your community.
Save and borrow with people you know, pay less on bills and airtime, and buy from local businesses your neighbours trust.
More for less, with the people around you
Everything on LOLA is built around your area: the cooperative you save with, the bills you pay every month, and the businesses your neighbours already trust.
Save and borrow together
Join a cooperative run by people you know. Save as a group and borrow from what you've built.
Trusted local businesses
Find shops and services vouched for by your neighbours, and pay them in seconds.
Pay less on bills and airtime
Buy airtime and data, and pay for electricity, cable TV and more for less than you pay today.
Get started in three steps
Signing up takes a few minutes and works on any phone.
- 1
Get the app
Download LOLA from Google Play or the App Store, or dial *347*139# from any phone.
- 2
Join your community
Pick your area and join the cooperative, estate, church or association you already belong to.
- 3
Save, pay and shop for less
Save and borrow with your group, pay less on bills and airtime, and buy from businesses your neighbours trust.
Save and borrow with people you know
Cooperatives on LOLA are run by people in your area, not strangers. Members save together, borrow on fair terms and see where every naira goes, all from their phones. As a member you can:
- Save regularly with your cooperative or group
- Borrow from savings your community has built
- See every contribution and repayment
- Save for personal goals with Easy Savings
- Pay less on bills, airtime and data
- Send money to anyone on the LOLA network
- Buy from local businesses your neighbours vouch for
- Use LOLA on any phone by dialling *347*139#
Be the business your neighbours vouch for
Your best customers live down the road. List your business on LOLA so people in your area can find you, see who recommends you, and pay you in seconds.
- Set up a free store in minutes
- List your products and services
- Get recommended by customers in your area
- Take payments in the app or by USSD
- Send invoices and receipts
- Pay your vendors and suppliers
- Borrow for your business through your cooperative
Build on the LOLA API
Bring LOLA's collections, savings and transaction tracking into your own product, so your members and customers get the same value wherever they are.
curl "https://api.lolafinance.com/transactions?from&to"
[
{
"amount": "500.00",
"type": "credit",
"description": "",
"source": "4fb81e74202c438",
"destination": null,
"createdAt": "Jun 01, 2022 07:40PM",
}
]Supported by
Backed by your community
LOLA is used in thousands of communities across Nigeria. The money your group saves belongs to your group, and every member can see what you've built together, week after week.
Member activity
Every member can see what they've saved, what they owe and what the group has built, right on their phone.
See moreFrequently asked questions
Answers to common questions about saving, borrowing and paying with LOLA.
Haven't got your answer? Contact our support
As a community, you have full access to all the funds in your community wallet. Lola does not have access to funds received from your members. You can create admins, grant access and manage funds have you please
Ready to get more for less?
Join your neighbours on LOLA and start saving, borrowing and paying less today.