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Melac loan solution

Group Loan

Inclusive financing powered by shared responsibility.

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About this product

Financing shaped around a clear purpose.

The Group Loan is designed for community groups, women's groups, youth groups, Village Savings and Loan Associations (VSLAs), cooperatives, and other organized borrower groups. Members collectively guarantee one another, promoting financial inclusion, mutual accountability, and access to credit without substantial individual collateral.

Key benefits

  • Group-based access to finance
  • Mutual member accountability
  • Supports organized community initiatives
  • Reduced reliance on substantial individual collateral

Who this loan may suit

  • Community, women, or youth groups
  • VSLAs and cooperatives
  • Organized groups with agreed leadership
  • Members willing to provide mutual guarantees

What to prepare

Be ready to provide valid identification, contact details, information supporting your income or activity, and documents related to the purpose of the loan. Our team will confirm the exact requirements after your initial enquiry.

Assessment and terms

Loan amount, repayment period, pricing, security, and approval are determined after reviewing group structure, member capacity, governance, guarantees, and credit assessment. Terms and conditions apply.

Simple process

From enquiry to a lending decision.

Apply online

Complete the short enquiry form with your contact and financing details.

Speak with our team

We contact you to understand your need and explain the relevant requirements.

Submit documents

Provide the requested supporting information for assessment and verification.

Receive a decision

We communicate the outcome and, if approved, explain the final terms before disbursement.

Ready to discuss your next step?

Start an enquiry today. Applying does not guarantee approval, and all final terms are confirmed after assessment.

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