MICRO-CREDIT (GROUP ACCOUNT)
This product is tailored to suit the needs of investment registered groups in the Micro credit membership. Loans can be granted to indivudal group members or to the entire group (Chamaa)
Account Features
Automatic loan to group members
• Free financial advice
• Affordable loan interest rates on loans
Requirements:
• Registration Certificate from the Ministry of Culture & Social Services
• Constitution of group
• Minutes of the meeting appointing the group’s signatories
• Identification card and one passport sized photograph for all officials.
• List of all group members, their contacts (including physical address)
and their business activities.
