Mid-Term Loan

This loan product is designed to reduce the waiting period of clients to zero and increase their cash flow. Mid-term loan can be accessed by members of a group as more funds to finance their businesses while still repaying their previous loans.

Features

  • Facility amount: N10,000 (minimum) to N80,000 (maximum)
  • Methodology: Group
  • Duration: 8 months
  • Grace period: 2 weeks

Benefits:

  • Access to more funds while still repaying previous loan
  • No collateral
  • Lower interest rate
  • Flexible repayment structure
  • Expert financial advice available