Group Loan

The facility is extended to individuals who belong to an informal group in the same or different line of business.
Features:
  • Competitive interest rate.
  • Group members must be in the same location.
  • 10% equity contribution.
  • 3.5% monthly interest rate.
  • Maximum tenor of Six (6) months.
  • Group guarantee.
  • Two credible guarantors. (cross guarantee of loan beneficiaries and an external guarantor each).
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