The Micro Loan offers financial assistance to people who are seeking support in agriculture related-production, start up or expand their business, retail trades or any other business related opportunities. The Micro Loan is designed specifically for low-income individuals and families who can only afford to make small monthly repayments.
- Loan Amount: between 100-3,000 (USD).
- Loan Term: a maximum of 24 months.
- A minimum age of 18 years old.
- Proof of employment or business operation.
- Must possess collateral(s) or a guarantor with collaterals.
- National ID/passport.
- Family/residence book.
- Proof of income (if available).
Advantages of the Micro Loan
- May apply as an individual or group.
- Low interest rate and flexible repayment schedules.
- Interest repayment is calculated based on the remaining balance of the loan.
- Fast and easy to apply.