Micro Loan (SME Loan)
Micro loan is developed to offer financial services and assistance to traders and all who do daily deposit with the union and are yet to open savings account.
Qualifiers for Micro Loan (SME Loan)
- Daily deposit members must have share of GHS 50 at every application until minimum shares obtained
- Must be active daily deposit member with minimum 3 consecutive months
- Must reside in operational area to be contacted daily
- Individual members must have valid business operating for at least 6 months
- Must maintain minimum daily deposit amount as agreed during loan period