Group Loan
Flexible Financing for Business Owners
Empowering Growth Especially for Women!
Our Group Loan prioritizes economically active, under-banked women, while welcoming all eligible entrepreneurs to access funds through group support.
Key Benefits
Designed for business owners who need collaborative financing
Group Support
Join forces with fellow business owners to access loans
Flexible Repayment
Weekly payments that fit your cash flow
Competitive Rate
3% flat monthly interest rate
Shared Responsibility
Group accountability for repayments
How It Works
Simple steps to get your group loan
Form a Group
Minimum 5 business owners
Apply Together
Joint application submission
Get Approved
Quick approval and access to funds
Weekly Payments & Savings
Make weekly payments and save ₦500 weekly.
Loan Details
Everything you need to know about our Group Loan
Eligibility Criteria
- All members must be business owners
- Minimum group size: 5 members
- 18 years and above
- Stable business income
Loan Terms
- Amount: Up to ₦500,000
- Interest: 3% flat monthly rate
- Tenure: 24 weeks repayment
- Weekly savings: ₦500
Why Group Loan?
The advantages of borrowing as a group
Group Support
Join forces with fellow business owners to access loans and support each others growth.
Flexible Repayment
Make weekly payments that fit your cash flow, ensuring you can manage your finances with ease.
Competitive Interest Rate
Enjoy a competitive monthly interest rate of 3%, helping you save on interest costs.
Shared Responsibility
Group accountability ensures that repayments are made on time, reducing default risk.
Empowerment
Group members gain confidence and skills to manage their finances effectively.
Financial Inclusion
Group loans provide access to credit for underserved individuals.
Financial Literacy
Group members receive training on financial management and budgeting.
Financial Discipline
Regular meetings encourage savings culture
Ready to Form Your Group?
Contact us today to start your group loan application