SOLIDARITY GROUP LOAN.
FEATURES
- Loan amount between 2000 – 10,000 for the group
- Loan within 3 days
- Members between 5 to 15
- Interest rate of 6%
- Must save for at least two months
- Be an account holder
- Members must operate in the same vicinity
- Co-guarantor system
- Retention of 20% required
- 3 to 6 months loan tenor
REQUIREMENT
- Must have individual accounts/ group account
- Evidence of individual business
- National I D cards
- Constitution for the group
- Group guarantee