There’s strength in a team
A short term or medium term credit facility that can be accessed through a group with a minimum of 15 and maximum of 30 active entrepreneurs owning individual businesses.
Why you should apply for this loan:
- Facilitates business performance and growth.
- Flexible repayment period tailored according to the borrowers capacity and or desire.
- No need for a trading license.
- No collateral or security requirements to obtain the loan.
- Competitive Interest rate.
- Can be accessed for a number of cycles as long as the client repays well.
- Loan amounts to individuals in the group ranging from $100 US to $ 3.000 US.
Qualifications for this loan:
- Individual borrowers with active businesses
- Applicant must be 18 years and above
- Group solidarity
- At least 6 months of business existence and activity
Comes with outstanding benefits:
- Groups of 15 – 30 members
- Relatively large amounts of loans up to $3.000 US
- No collateral or security requirements to access the loan
- Faster loan processing time (within 7 days)