About Group Loan
Loan giving to an identified group of people that are very close to themselves (by work or living together) The major purpose of this loan is to assist individual group member to finance their business. This has a 24% flat in 6 months with a Scheduled payment
- Be a nigerian citizen with proper indentification (kyc)
- Group guarantee based
- Mandatory savings required
- Minimum membership of 3 and maximum of 10 people
- Weekly repayment
- To complete facility form by individual beneficiary
- 4 weeks loan processing period
- 15% contribution of amount required
- Loan approval based on the recommendation of group executives
- Tangible collateral to support the loan needed