Affordable Housing

The Affordable Housing scheme initiative evolved out of the partnership between LAPO Microfinance Bank and Lafarge in October 2013. The scheme tagged "Easy Home" was initiated in response to the challenges of urbanisation in Nigeria, the most populous country in Africa, with a housing gap estimated at about 18 million units. Prospective beneficiaries under the scheme are identified through the network of LAPO MfB branches or distributors of Lafarge. 


This loan product is designed to aid low income earners in becoming home owners through provision of funds for the construction or reconstruction of homes. Construction is facilitated by the free technical assistance from Lafarge.

Features

  • Facility amount: N1,000,000 (maximum)
  • Methodology: Individual/Group
  • Duration: 2 years
  • Grace period: 1 month

Benefits:

  • No collateral
  • Lower interest rate
  • Flexible repayment structure
  • Expert financial advice available