This is a group loan scheme that is secured through solidarity guarantee and targeted at micro traders who intend to expand their business.

 Members of association or trade unions are candidates for the group loan. We also provide training in financial literacy, leadership and community development to group members or association members.

 FEATURES AND ELIGIBILITY:

v  Group membership ranges from a minimum of 5 to maximum of 10 people.

v  Members should be permanent residents of a town and must be 18 years or above, however, terms and conditions apply for applicants aged 70 years and above.

v  Competitive interest rate

v  Members should be account holders.

v  Group will be trained and registered within a period of 2 weeks.

v  Loan duration is 6 months.

v  Loan duration for rice farmers’ loans is 8 months.