The Oando / LAPO Cooking Gas Loan is specifically designed to help low-income families in Nigeria switch from traditional, pollutant fuels to clean, affordable LPG for cooking. This program involves Oando partnering with LAPO Microfinance Bank to provide soft loans for acquiring the Oando OGAS 3kg cooking stove, which comes complete with a gas cylinder and burner.

Interest rates for this loan are kept minimal to encourage uptake, while precise rates may vary by distributor and location. The loan covers the stove cost (around N6,800) and even allows customers to top up their gas in small affordable amounts through a flexible pay-as-you-go model. Loan terms are streamlined so repayment is convenient and manageable for low-income households.

The goal is to remove financial barriers to clean cooking solutions, enabling more families to access LPG safely and affordably. This not only improves day-to-day living conditions but also helps reduce environmental and health risks.

How To Apply For The Oando/LAPO Cooking Gas Loan

Applying for this loan is straightforward and can be done at any participating LAPO Microfinance Bank branch or an authorised Oando distributor’s location. Below is a simple, step-by-step guide:

First, visit a participating LAPO MFB or Oando outlet. Bring valid ID and proof of address. Complete a short loan application form. Submit required documentation. Wait for approval and collect your Oando OGAS stove and cylinder upon successful processing.

Most approvals are quick, with the primary focus on making the process friendly and accessible for low-income families. Once approved, you can begin using your stove immediately, while repayments are made gradually over an agreed period.

Pros Of The Oando/LAPO Cooking Gas Loan

One of the biggest advantages is accessibility. By partnering with many microfinance banks and establishing a wide retail network, Oando ensures more Nigerians can benefit regardless of location.

Repayments are flexible, and the initial cost barrier is dramatically reduced. The scheme helps users gradually swap out hazardous biomass fuels for cleaner, safer LPG, which is healthier and more efficient for homes.

Cons Of The Oando/LAPO Cooking Gas Loan

Information about interest rate transparency could be improved; sometimes exact rates or hidden fees may vary across locations or partners. This may confuse some applicants.

Another limitation is that the program is only as accessible as the network of participating banks and retailers. Rural areas may experience reduced access or longer waiting times.

Our Verdict

The Oando / LAPO Cooking Gas Loan is a strong initiative for low-income households needing a cleaner, safer and more efficient cooking fuel. Although rates and availability could be better published, the core offering is compelling. If you are seeking a manageable, affordable pathway to switch to LPG, this loan is highly recommended for its accessibility and practical value.