Micro Loan
This is a loan that gives you money when you need most. It is a short to medium term payroll based loan that helps you pay for planned expenses such as school fees, medical bills, house rent etc.
Benefits
- Access to loans from ₦50,000.00 to ₦500,000.00
- Flexible collateral substitutes
- Competitive interest rates
- Affordable repayment schedule with maximum tenor of six months.
- Opportunity to access repeat loans.
Qualifying Criteria
- Individuals or groups who have been in account relationship for 3 – 6 months.
- Demonstrates ability to repay through regular cash flow.
- Provision of two acceptable third party guarantors.
- Voluntary savings by individuals or groups for easy loan repayment.
How to apply
- Apply in writing for the loan
- Complete loan application form
- Visitation report by Credit/Marketing Officer.