- Loan granted to members who are in need of quick loan for their businesses but already have a personal loan running.
- Intended borrower must have been in current job/business for at least twelve (12) months
- Maximum entitlement is up to four (4) times member’s savings.
- Security in the form of personal guarantor or collateral is required.
- Maximum loan processing period of 5 working days.
- Loan tenure up to 12 months (depending on the loan amount)
- Interest rate of 3.8% per month on reducing balance method.
- Application fee of GHC10.00 shall be charged
- Loan protection fee of 1.5% of loan amount shall be charged.
- Loan shall be repaid at least once a month.
Document Required - ECOWAS identification card
- Business registration
- Original document of collateral
