Friday, 28th April, 2017

Group Loan

Group Loan

 

This is a loan product for traders and MPCS. In this product, Loan is given to the traders in groups of 4 to 10 but not exceeding 15.

The loan sum and the tenor are usually homogenous and may not exceed 6 months duration. Lien / compulsory savings of 15% of the amount needed is required.