Location :
Adabraka-Accra
Email :
info@imlfinance.com
Call Us :
0302 201817/0579579403

Group Loans

Innovative Microfinance > Group Loans

GROUP LOANS

FEATURES

The minimum number of people in a group must be five (5).

The group members must have an official meeting place and should meet not less than 3 times with the relationship officer before disbursement.

Duration of a facility is between 4 – 24weeks, (6-month maximum tenure.)

The loan is group guaranteed

Loan Amount ranges from GH¢500 - GH¢5,000.00

Interest rate of 4% - 5% Per Month

Lien of 10%

REQUIREMENTS

Valid ID Card

3 passport picture

Utility bill (optional)

Resident permit (for foreign nationals)