Ideal for customers who are unable to meet formal collateral requirements but have good character and a proven credit history. Credit approach used focuses on joint group liability and peer pressure to ensure repayment.
- Character based loans to clients without formal collateral.
- Minimum amount a business can borrow is 100,000/=.
- Maximum credit Limit is...15,000,000/=.
- Repayment period of 4 to 36 Months.
- Competitive interest rates.
- No formal collateral is required.
- Apply from any of our branches countrywide.
- Easy and convenient to access.
- 20-40 members form a group to cross guarantee each other.
- Loan security fund of 15% of loan amount
- LOS (training) 4,000/=
- Registration fees 2,000/=
- MTR booklet 1,000/=