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Micro Sector

Group Loan

The facility is extended to individuals who belong to an informal group in the same or different line of business.

Features:

• Competitive interest rate.
• Group members must be in the same location.
• 10% equity contribution.
• 3.5% monthly interest rate.
• Maximum tenor of Six (6) months.
• Group guarantee.
• Two credible guarantors. (cross guarantee of loan beneficiaries and an external guarantor each).