This loan product is designed for those
clients who come together, are trained, guarantee each other so as to be able
to access credit facilities as individuals. Group lending is a unique
financial service for low-income entrepreneurs. To obtain such a loan it is
necessary to form a group of three or more individuals who run businesses that
earn income and have been active for at least three months.
Group members guarantee each other’s loan repayment, which is
why collateral is not necessary. This
structure helps you take a loan in a group where each member will be equally
liable for repayment. These loans aim to give you the necessary capital to
expand your business