- 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)
- Low Interest rate on reducing balance method.
- Loan shall be repaid at least once a month.
Document Required - ECOWAS identification card
- Business registration
- Original document of collateral
