Group Loan (Women)

 

Group Loan (Women)

TYPE FEATURE
Currency
  • AFA
Number of members
  • Between 3 and 6 members.
  • A minimum of 4 members for the first cycle.
Minimum Amount per member
  • 10,000 AFA
Maximum Amount per member
  • 20,000 AFA for the first loan
  • 50,000 AFA Maximum
Maximum increase for loan 30% between first and second cycle
Renewal
  • After the second cycle: 50% between 2 cycles
Minimum duration
  • 6 months for the first cycle
Maximum duration
  • 12 months from the second and third cycles
Guarantee
  • Cross Guarantee
Installments
  • Monthly
Possible purpose / project
  • Working capital, stock (raw material, finished product), transportation expenses // even equipment, improvement of shop / workshop in case the self-financing capacity (net income + depreciations) is enough for the repayment of the loan
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