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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.

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


  • No collateral
  • Lower interest rate
  • Flexible repayment structure
  • Expert financial advice available
  • Application letter
  • Duly completed Affordable Housing loan application form
  • Current utility bill
  • A valid means of IDs for client and guarantors (national ID, driver’s license, voter's card, international passport)
  • Proof of ownership of land/housing unit.
  • 2 recent passport-size photographs for clients and guarantors
  • Clients or potential clients must have an existing, viable businesses (or income from employment) with a cash flow that is robust enough for loan repayment.
  • Opening of savings account with a minimum of N1, 000 for all new housing clients is required. New clients will have to operate their saving accounts for a minimum of four weeks before housing loan can be assessed.

1. Q: Do I need to open an account with LAPO MfB to access the loan?
    A: Yes, new clients will have to operate their saving accounts for a minimum of four weeks before housing loan can be assessed.

2. Q: Can I access housing loan for an incomplete building?
    A: Yes, packaged as refinancing loan.

3. Q: Where can I access this loan?
   A: Currently, you can access Affordable Housing loan in Lagos State (Ikorodu), Edo State (Sapele Road, Aduwawa and Ugbowo 2 Branches), Ogun State (Shagamu, Abeokuta, Sango and Ijebu Ode Branches), and Oyo State (Eleyele, Challenge and Apata Branches).