Features

• Facility range: N50,000 (minimum) to N500,000 (maximum)
• Methodology: Individual
• Duration: 1-12 months
• Grace period: 1 month

Benefits:

• No collateral
• Access to funds for business expansion
• Access to other loan products
• Flexible repayment structure
• Training on basic financial management, business planning and customer     relations
• Low interest rate
• Expert financial advice available

Documentation Required

• Loan application letter
• Duly completed application form
• 2 guarantors
  • A valid means of ID (national ID, driver’s license, voter's card or international    passport)
• Current utility bill
• 4 recent passport-size photographs
• Loan Calculator

FAQS

1. Q: Do I need collateral before I can access this loan?
A: No. You do not need collateral as a condition but two guarantors that can stand as your surety in case of default.
2. Q: Can I re-apply for a higher loan after the full repayment of the previous loan?
A: Yes. You can have access to a higher loan depending on the previous repayment performance.
3. Q: Can I reduce the repayment duration?
A: Yes. You can reduce the repayment duration to the number of months that suits you
4. Q: Is this loan insured?
A: The loan is insured against death, fire in the business place or disability