About Group/Club Loan and how does it work
This loan product is designed to benefit organized groups that require funds to support their members to grow financially.
This loan product is designed to benefit organized groups that require funds to support their members to grow financially.
Online Loan Application Form is available on our website and Mobile Phone Application. You can also access a physical loan application on our office or through our field staff whenever seen.
The credit officer makes a physical visit to the applicant’s business premises to establish the existence and performance of business that shall generate income to pay back the loan.
After an appraisal, the credit committee sits and analyses the application whether it conforms to the requirements as stated in the Credit Policy.
After successful appraisal and positive response from the Credit Committee, money is credited on the applicant’s account from which he/she withdraws. A communication is made to the client giving the details of disbursement or decline of application.
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