Micro Enterprise loan is the obvious choice if you need a finance for Micro Enterprise finance.These loans are tailored to meet the unique needs of micro-businesses, helping them start, sustain, or expand their operations
Micro Enterprise Loans are characterized by their relatively small loan amounts. They are typically smaller than loans provided to larger businesses.
The target audience for Micro Enterprise Loans includes small businesses, entrepreneurs, and self-employed individuals who may not qualify for larger business loans from traditional financial institutions.
These loans are often used for various purposes, such as purchasing inventory, equipment, or supplies, covering operating expenses, or expanding the business.
Apply for loanAchieve all your goals and aspirations; with the right kind of help, exactly when you need it.
Micro enterprise loans aim to promote financial inclusion by providing access to capital for individuals who may not have access to traditional banking services. This helps bridge the gap between the unbanked or underbanked population and formal financial systems.
One of the primary purposes is to alleviate poverty by empowering individuals to start or expand small businesses. Micro enterprise loans provide a means for people with entrepreneurial aspirations to generate income and improve their economic well-being.
By supporting the growth of micro-enterprises, these loans contribute to job creation within local communities. Small businesses often play a significant role in employment generation, particularly in developing economies.
Micro enterprise loans foster entrepreneurship by enabling individuals to turn their business ideas into reality. The loans provide the necessary financial resources for entrepreneurs to start or scale their ventures.
All loans are not created equal, micro enterprise loans are tailored to meet the specific needs of small businesses and entrepreneurs.
Micro enterprise loans are commonly provided to businesses in sectors such as agriculture, retail, services, and small-scale manufacturing.
Minimum number of workers in your enterprise should be: 15 workers
Maximum number of workers in your enterprise should be: 100 workers
We have flexible collateral requirements.We also accept alternate forms of security and rely on the character and business plan of the borrower.
We would like have the credit history of the business owner or the business itself, this is to see if the loan they requested is viable to their previous credit
When requesting for a Micro Enterprise Loan the enterprise should be registered as a business legally and provide documentation because it would be required.
If the business operates within a specific geographic area or that the borrower resides in the community being served.This would also increase your chances of gaining the
These are question that most of our clients, customers or the public
in general, ask about our services.
If your questions are not here
fill free to contact us with your question and we promise to get in
touch soon!!!!!!!!.
Yes of course you can pay off your loan as early as possible
but that said the bank would
add a little amount to the main amount you borrowed so they
can make a profit.
"So let say you borrowed Ghc50,000
during January
and you plan to pay off by the end of the year that is
December but in June Your Business made a profit so you
intend to pay off your loan
if by december you are suppose to pay the bank Ghc75,000 but
you are going to pay the loan in June the bank would
calculate the amount you are suppose to pay to let's say Ghc
60,000"
and that would be the amount you would pay.
Yes, we offer refinancing services. Our refinancing options are designed to help you achieve better terms on your existing loans, potentially lowering your interest rates and monthly payments. Our team is here to guide you through the process and explore how refinancing can better align with your financial goals
A Micro Enterprise loan can be a beneficial option in various situations:
The current branch of the bank is located in Amansaman which is in the Greater Accra Region Of Ghana.
Now apply for a Micro Enterprise Loan online, All you need to do is provide your details below application form.
