Group lending – a form of lending, which does not require collateral, for those segments of entrepreneurs who are in need of financing, but are unable to provide liquid collateral. The structure of a group loan is comprised of members, which guarantee the other members, and for which solidarity principles are applied.

 

Small Group Loan

  • ‘There’s strength in teamwork’
  • A short term or medium term credit facility that can be accessed through a group with a minimum of 5 and maximum of 10 active entrepreneurs owning individual businesses.

Why you should apply for this loan

  • Facilitates business performance and growth.
  • Flexible repayment period.
  • No need for a trading license.
  • No collateral requirements.
  • Can be accessed for a number of cycles as long as the client repays well.
  • Loan amounts to individuals in the group ranging from U$50 – U$3,000

Qualifications for this loan

  • Applicant must be 18 years and above.
  • Credit Reference Bureau (CRB) registration.
  • Group solidarity.
  • At least 6 months of business existence and activity.


 
 
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