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.

 

Features

  • 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