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Abossey Okai
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Community Loan

Innovative Microfinance > Community Loan


This is similar to the Group Loans but for starter groups in remote communities in the Northern Sector. It is a one-off facility in which all members are graduated to the group stage after the tenure of the first cycle


  • The minimum number of people in a group must be ten (10) and a maximum of thirty (30).
  • Interest rate: 4% monthly
  • Lien: 25%
  • Processing fees:3.5%
  • Application form: GH¢ 5.00
  • LPF: 2%