Group Loans Made Simple
This loan product is designed for those clients who come together and guarantee each other so as to be able to access credit facilities as individuals. It’s often a short term loan and with a minimum of 8 and a maximum of 35 active entrepreneurs owning individual businesses.
Please note that all loan applications requires the following:
- A loan fee of 10,000
- Monitoring fees (2.5%) of the money borrowed,
- The account should have 30% of the money needed,
- Guarantor (passport photos) and collateral security and
- The interest rate vary from 2.5- 3%
- Ground check.