Small Loan is a product which is offered to a female entrepreneur only. The core objective of this product is to empower the women in the country so that they can contribute to the economy effectively.

The key features of this loan are:

  • The loan is for expansion of small businesses only.
  • Helps underprivileged to overcome the dependency on moneylenders.
  • Develops a self-help mentality and self-employment capacities of the entrepreneurs.
  • Makes the underprivileged communities self-reliant through involving in income-generating activities

Loan ceiling (1st loan)

NGN 50,000 - 250,000

Follow-on loan

NGN 20,000 - 150,000

 Processing fees

Applicable

No. of instalments

24

Loan duration / period

6 months

Grace period

1 week

Maximum loan limit

NGN 700,000

Collateral requirement

Not required

Admission fee

Applicable

Interest on loan

Competitive