- The loan seeks to provide financial support to Daily Deposit Account holders for the growth of their businesses
- Borrower must be a regular Daily Deposit Account contributor for at least three (3) months
- Intended borrower must have been in current job/business for at least three (3) months
- Maximum entitlement is up to two (2) times member’s Daily Deposit balance
- Maximum repayment period of three (3) months
- Maximum loan processing period of five (5) working days
- Interest rate of 2% per month on straight line method
- Loan shall be repaid weekly
Document required - ECOWAS Identification card
- Two (2) passport pictures
