MICROCREDIT LOAN

Micro Credit 3

Micro credit loan is a loan for members that own micro businesses. This loan are given to single individual or members in groups of 5 – 10 within a particular geographic location especial rural area to increase their running capital base. These funds are repaid over a period of 4months and can be used for any form of micro business. The limit that can be disbursed to members is within N10, 000 to N100, 000.

Requirements to open Micro Credit Loan

1. Membership registration
2. Completed loan application forms
3. Equity Deposit
4. 2 passport photograph
5. Means of identification