My Own Loan
This is a working capital loan for micro customers.
Features
- Access to loan for as low as N50,000.00 to N399,000.00
- No collateral required
- 4 to 12 months tenor
- Competitive Interest rate @ 6% reducing balance
- Insured loan of 1%.
- Admin fee of 1%
- Commitment fee of 1%
- 10% Equity contribution
Benefits
- Quick turnaround time
- Easy loan procedure
- Competitive interest rate
- Opportunity to grow business with Accion MfB
Requirements
- Prove of business ownership and experience
- A/C opening required
- Viable business
- Guarantor
- And any other document that might be requested for by Accion MfB