- This loan is granted to finance church development activities
- Borrowing church must be located in the union’s common bond
- Borrowing Church must be affiliated to the Christian council of
Ghana or any other recognized church body - Loan secured by church property and or guarantee by church
Board - Have a permanent (registered) worship place
Maximum processing period of 10 working days
- Low Interest rate on reducing balance
- Loan shall be repaid at least once a month
Document required - Current bank statement(s) for six (6) months.
- Evidence of cash flow for the past 12 months
- Church registration certificate
- A resolution from church Board applying for the loan facility
- A pro forma invoice/bill of quantities covering the activity being
financed - Original document of collateral
