Microfinance Loan (Group)

Loan Products
A group savings and loans scheme designed to encourage small and micro unit enterprises to acquire loan to expand their businesses as well to encourage them to save.

Features

  1. Formation of groups
  2. Frequent visitation by field officers
  3. Free education on business issues
  4. Group mutual guarantee system
  5. The group must have a minimum membership of five (5) and a maximum of ten (10)
  6. The group must have at least three leaders (Chairman, Secretary and treasurer)
  7. The group must undertake viable income generating activity

How to Apply
You will need to gather the following requirements before you can apply:

  1. One valid national ID card (NHIS, Voters, Driver’s license, Passport)
  2. One passport size picture
  3. Fully completed Group Loan Application Form