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Provision of basic financial assistance to entrepreneurs who may normally be in a position to benefit from the services of the orthodox banking system due to their inability to provide collateral or security through Micro Finance Banks which are involved in legitimate microfinance activities in both urban and rural areas;
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Monitoring of the records of the Lagos State Micro Finance Fund to ensure disbursement in a way to achieve the aim of Government;
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Collaboration with local and foreign development finance agencies to co-fund the Lagos State Micro-Finance Fund;
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Attraction of people-oriented development projects and, implementation and coordination of micro-finance programmes;
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Registration and monitoring of the funds;
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Provision of corporate governance and management of the Lagos State Micro Finance Fund;
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Ensuring measurable improvements to the quality of life of micro-finance entrepreneurs in the state by conducting impact assessment surveys;
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Receiving of periodic reports from Micro-Finance banks in order to ascertain their performance on the fund disbursed to them through LASMI;
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Ensuring that value-added support services necessary to impact positively on the business of the poor and micro entrepreneurs are developed through qualitative education and confidence building programmes;
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Development and implementation of a graduate entrepreneurship scheme that would create Employers of Labour rather than graduate job seekers in the State.
