O-Gas

LAPO Microfinance Bank, in partnership with Oando designed this loan product to provide its clients and prospects with a cooking stove that offers a cleaner alternative to kerosene and coal. O-GAS is an efficient, affordable and sustainable 3kg cooking stove that comes with a cylinder, a burner and gas. The loan is available to clients and prospects of LAPO MfB for consumption and retail.

  • Facility amount: N5,540 (minimum) to N500,000 (maximum)
  • Methodology: Individual and Group
  • Duration: 3 months to 1 year
  • Grace period: 2 weeks to 1 month

Benefits:

  • No collateral
  • Access to fund to own 3kg cooking stove
  • Cleaner environment
  • Flexible repayment structure
  • Low interest rate
  • Must open a savings account with LAPO MfB
  • Duly completed application form
  • 2 guarantors
  • 2 recent passport-size photographs
  • Current utility bill
  • A valid means of ID (national ID, driver’s license, voter's card or international passport)

1. Q: How do I access this product?
    A: Visit any of our branch closest to you

2. Q: Can I be a distributor?
    A: Yes.

3. Q: What is the size of the O-GAS cylinder?
    A:  The size of the O-GAS cylinder is 3kg. It also comes with a burner.

4. Q: Where can I refill my O-GAS cylinder?
    A: You can easily refill the O-GAS cylinder at any Oando filling station closest to you.

5. Q: Does it come with a burner?
    A: Yes.