General eligibility

1. Have existed and operated for at least six months, in case of activities with highly seasonal trend (That is, with more than 3 month interval with regards to the trend, its approval will be determined by the head of credit, the minimum operational period should be 1 year
2. Be owned and operated by Ghanaian residents. Exceptions to this rule can be made with specifics only to be approved by Head of credit in cases where the borrower is not of Ghanaian citizenship but has his/her permanent residence in Ghana or partnership instances with a Ghanaian counterpart.
3. Have a minimum equity of 100 (Ghana cedi).
4. Have a regular cash flow, in the case of irregular cash flows, its pattern must clearly be defined
5. Operate business within the defined catchment area

Basic documents required

1. Sales book (where available).
2. Purchases receipt and other purchases related invoices (where available)
3. Bank statement (where applicable).
4. Evidence of business ownership.
5. Any valid ID(Passport, VID, NHIS Card, Drivers License)

Basically for those engaged in the buying and selling business to invest in the business

1. Loan can be secured (with mortgage) or unsecured (stock, business fixed assets, household items),etc.
2. For all loans some business and household assets are used
3. Available for the purpose of serving trade related businesses
4. Maturity is between 1month - 3 years
5. Amount range GH¢ 100 – 150,000
6. Can be applied by a salaried worker only to invest into an existing business type
7. A minimum of one guarantor is required, with a minimum income of 100% of installment for loans above GH¢ 1,000.Otherwise, the guarantor only has to be in employment
8. No guarantor for secured loans
9. Loans terminated before maturity only attract interest for the month of termination and outstanding principal
10. Top up loans are allowed anytime before maturity, this will attract an extra fee of 1% on loan disbursed
11. Top up loans are without analysis for good clients (no delay with repayment) if less than four months after disbursement
12. Can be available to loan guarantors as well without any limitations as long as they qualify per the criteria described above

Interest rate is 5.o% per month, with a commission of 3.0% on initial principal for all loans

Installments will be calculated using the flat method to be deducted on a monthly basis.