What you can use this loan for.
For VSLAs, cooperatives, women's groups, youth groups, and other organised groups. Members guarantee one another's loans and share responsibility for repayment.
How this loan works
- Members apply as an organised group
- Group members guarantee one another
- We review group leadership and records
- Security requirements depend on assessment
Who this loan may suit
- Community, women, or youth groups
- VSLAs and cooperatives
- Organized groups with agreed leadership
- Members willing to provide mutual guarantees
Documents we may ask for
We may ask for members' identification, group registration or records, leadership details, and information about member guarantees.
How the amount and terms are decided
Approval, loan amount, repayment period, interest, and security requirements depend on our review of the group structure, member capacity, governance, guarantees, and credit assessment. Terms apply.