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Special Loan

SLO special loan product was designed to meet the capital needs of small
and medium scale entrepreneurs who require more funds for business expansion.

Special Loan

This is specially designed to meet the capital needs of small and medium scale entrepreneurs who require more funds for business expansion

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Features

  • Methodology: Group
  • Nature: Micro and small in nature, (You Can Access Up To 90,000 First Stage)
  • Grace Period: 30 days
  • Repayment Frequency: Monthly
  • Duration: 6 Months

Basic Selection Criteria

  • Small/Medium business owners(women, more of advantage)
  • Willingness to join a group
  • Willingness to attend group meetings weekly
  • Willingness to use loan for business expansion
  • Must have benefited regular loan at least twice
  • Must be a registered member(s) of SLO

Benefits to Clients

  • Low interest rate
  • No Collateral
  • Flexibility of repayments
  • Transparency, no hidden charges

You may also be interested in:

Regular Loan

This is designed for petty traders and micro business owners. This loan operates on a group(Union) methodology. Union are self-selected like minded individual to form a group and the loan is granted to individuals in the union but the group takes liabilities

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Medium Enterprise Development Loan

This loan is design to meet the capital needs of Medium Scale Enterpreneur who require more fund for business expansion and sustainability.

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Assest Loan

Asset loan is specifically design for members who need loans for income generating property purchase

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