A micro loan product designed for small businesses that are organized into groups
Features
-
Group size of 7-10 people in urban areas and 10-15 in rural areas, preferably resident in the same area and doing relatively similar businesses.
-
Loan size of up to K30,000.00
-
Purpose; working capital or business asset acquisition
-
Repayment Period is 4 – 8 months
Benefits
-
Transformational training provided
-
Group security
-
Flexible, easy repayment schedule