Low income / new to borrowingGroup guaranteeWeekly group meetings
Group Loan
Hardworking entrepreneurs in the same locality (business or residential area) with daily-income businesses.
- Hair stylists
- Market vendors
- Retail shops
- Small restaurants
- Charcoal sellers
The terms
What you pay depends on the loan, how much you borrow and how long you take. An officer will give you the exact figures for your business before you commit to anything.
- How much you can borrow
- Ask an officer
- How long you have to repay
- Ask an officer
- How often you repay
- Weekly, at your group meeting
- Interest rate
- Ask an officer
- Fees
- Ask an officer
- Security needed
- Ask an officer
- How long approval takes
- Ask an officer
What you need to qualify
What we ask for depends on your business and the size of the loan. Tell an officer what you do and how the money comes in, and they will tell you whether you qualify and what is needed.
Ask what you needWhat to bring with you
Ask an officer for the list before you travel, so you only make the trip once. It is usually proof of who you are and proof that your business is running.
Ready to ask about the Group Loan?
Say what your business does. The reply comes from a person, not a form.