Institutional Group Loan

The product targets institutions like churches, schools, dips and organized groups
Eligibility
- Active bank statement for at least 4months
- Should be registered by Authorization
- Should have standing order for monthly shares deduction
- Members should have common objective loaning
- Based institutional group shares
- Multiplying factor 4 times
- Deduction contribution for at least 4 months
- In case of micro credit no loan will be issued if individual member has defaulted loan
- Business proposal plan and projection should be attached
- Group official should dully sing the loan for and attach id copies and 1 coloured passports