SMALL & MEDIUM SCALE ENTERPRISE LOAN.
FEATURES
- Loan amount between GHS 10,000.00 – 10,000.00 plus
- Loan within at most 3 – 7 working days
- Interest rate of 5 - 6%
- Must save for at least two months
- Must go through SME training at Hopeline Institute
- Be an account holder
- No hidden charges
- collateral
- Retention of 20% required
- 6- 12 months loan tenor
REQUIREMENT
- Must have own business
- Business must be in existence for at least six months
- Must have a permanent place / shop for the business
- Guarantor (s)
- Must save for at least two months
- Guarantor must provide evidence of business or proof of income / at least six months bank statement.
- Evidence of business ownership (registered or unregistered business) ie A.M.A, Tax payment receipt, eg VAT etc.
- A national ID (Voters I D cards, driver’s license, travelling passport, N H I S )
- Provide at least six months bank statement / Evidence of cash flow
- Business plan / Financial of the business if applicable