Product Overview
The Mobile-Banking Micro loan is a credit facility granted to Mobile Banking members to expand their businesses.
Benefits of the Product
- Flexible repayment period (within ten (10) months)
- Completive interest rate
- Customers receive a lumpsum of money upfront, allowing them to pay back over fixed term
- stress free way of accessing credit (funds) to grow your business
- highly competitive interest rate
Requirements
- Member must exhibit a habit of regular savings.
- Member must own shares
- member must save continuously for at least three months.
- A guarantee of 10% of the loan amount is required.
- Member may provide a personal guarantor or collateral depending on the amount requested.
