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.

    Downloads

    Asset Acquisition Loan

    This is a loan that enables the customer to acquire specific assets such as electronic/electrical appliances, furniture items, automobiles/motorcycle etc. Customers are expected to provide equity contribution of 20 – 30%.

    Benefits

    • Access to loans from 100,000.00 to 1,000,000.00.
    • Flexible repayment schedule with tenor of 6 – 24 months.
    • Opportunity to own your dream asset.

    Qualifying Criteria

    • Individuals who have been in account relationship for 3 – 6 months.
    • Demonstrates ability to repay through regular cash flow.
    • Equity contribution of 20 – 30% depending on type of asset to be purchased.
    • Provision of two acceptable third party guarantors.

    How to apply

    • Apply in writing for the loan
    • Complete loan application form
    • Submit proforma invoice from a reputable vendor.

    Downloads