Group Microcredit Loan is designed to operate on a group (union), Association, Club/ Religious body etc.  A union is a self-selected group of people who access loans individually, but have group guarantees. Regular Loan is created to help meet the working capital needs of these persons businesses.

  • Facility range: ₦150,000(minimum) to ₦5,000,000(maximum).
  • Methodology: Individual lending but group liability.
  • Duration: 12 months (Maximum).
  • Grace period: two months
  • Repayment frequency: Weekly (Tuesday 9:00am-2:00pm).
  • Applicant must belong to a union or association.


  • No collateral needed.
  • Flexible repayment structure.
  • Expert financial advice available.
  • Training on basic financial management and business planning.
  • Low interest rate of 5% per month on reducing balance.


  • Duly completed Loan Application form.
  • A valid ID (National ID, Driver’s license, Voter’s card or International passport).
  • Current utility bill.
  • Two recent passport-size photographs.
  • One Guarantor each

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