This facility is designed to provide financial support to persons who organize themselves into groups and who have the zeal to work to improve their livelihood, but are constrained financially
Eligibility Requirement
- Must undergo credit education training by the Bank`s staff
- Trading activity of these groups must be within the catchment areas of the Bank.
- Must have 20% of amount applied for, in an account as savings deposit. However, 10% deposit will be allowed for first cycle loan applicants.
Securities
- Group Guarantee
- Group Savings /deposits
- All the two (2) requirements should be present to make it eligible