Group Loans
A loan product developed to offer financial services and assistance to traders and rural communities within branch operations, disbursed under Management supervision.
Qualifiers of Group Loan
- Members in the group must have a share of GHS 50 at every application until each member obtains minimum shares
- Must be residing within the project area
- Willing to join a group of 3-5 members
- Must be prepared to abide by group bye-laws
- Individual members must have valid business operating for at least 6 months