- Product & Services
Group Loans
Our Group Loan is specially designed to support self-employed individuals and low-income earners in sectors such as agro-processing, traditional crafts, artisanal work, services, and micro-enterprises. The product places a strong focus on women groups engaged in income-generating activities, helping them access the financial support needed to grow their businesses and improve their livelihoods. The facility is offered to groups of 5 to 15 members, providing reliable financial assistance that fosters teamwork, promotes financial inclusion, and strengthens community development. With duration of maximum of 12months, flexible repayment terms and competitive interest rates, the Group Loan empowers members to achieve collective growth while building financial independence.
Eligibility & Requirements
- Group Size: Minimum of 5 members and maximum of 15 members per group.
- Members should be engaged in income generating activity
- Proof of Identity: Valid national ID (Ghana Card) for each group member.
- Residence/Location: Members should live or operate within the same community.
- Group Guarantee: Members serve as guarantors for each other under a joint liability arrangement.
- Members must agree to regular group meetings, savings contributions, and repayment schedules.
- Completed Application Form: Duly filled and signed by all group members and endorsed by group leaders.