Business Loans
The business loan is designed to provide financial support to members for the expansion, modernization, or establishment of their business ventures. This product aims to fuel economic growth for our members by offering substantial credit for working capital, equipment purchase, inventory, or other business-related investments, based on a thorough appraisal of the business’s viability and the member’s capacity
Qualification for Membership Loan
- Only members of the credit union who are have paid at least the minimum share capital shall be eligible to borrow.
- A borrower shall have completed at least 3 months uninterrupted savings with the society. First time applicants for the loan shall be limited to twice of member
- Loans shall be granted to members who are 18 years and above and of sound mind.
- Member must be in active employment for at least 3 months (public or civil servant, etc.) For business-oriented loans, the member should be able to demonstrate experience of profitable operations in the activities for which the loan is required.
- Member shall provide right and accurate information to Emmanuel Co-operative Credit Union
- Member shall co-operate with loan screening processes and procedures.
- Member shall abide by all the terms and conditions stipulated in the loan application form and the loan policy.
- Member shall abide by all the terms and conditions stipulated in the loan application form and the loan policy.
- Any contribution made purposely to secure a loan (dumping) would only be considered if such contribution.
- Any contribution made purposely to secure a loan (dumping) would only be considered if such contribution.
- A member who withdraws and joins later will be treated as a new member
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Micro Savings Loans
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Loan Protection Plan
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Mobile Money Transfer
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Micro Savings Loans
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Micro Savings Loans