Group Loan

A community-based financing solution designed for organized groups working together to achieve their financial goals.

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GROUP LOAN

Supporting Communities Through Finance

Group Loan provides financial support to organized groups where members work together and share responsibility. It is suitable for small businesses, community activities, and income-generating projects.

Group Loan Features

Group Size

10 - 25 Members

Loan Range

LD 25,000 - LD 100,000

Responsibility

Shared Group Responsibility

Purpose

Business & Income Activities

Group Requirements

  • The group must be properly organized.
  • Members must agree to shared responsibility.
  • Group leadership structure must be available.
  • Members must participate in loan monitoring.
  • Group activities must be verified.

Member Requirements

  • Valid identification documents.
  • Passport-size photographs.
  • Personal information of all members.
  • Guarantor information where required.
  • Evidence of group activity or purpose.

Group Loan Application Process

01

Formation

Formation and registration of the group.

02

Submission

Submit group and member information.

03

Assessment

Group activities are reviewed.

04

Approval

Loan approval and disbursement.

Team Support

Members support each other throughout the loan period.

Business Growth

Helps groups improve their income-generating activities.

Responsible Lending

Loans are provided through proper assessment and monitoring.

Repayment Responsibility

All group members are expected to follow the agreed repayment schedule.

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