Our lending approach is majorly based on individual lending to clients/individuals who own legally registered businesses. These businesses must have existed for atleast 6 months in operation. We also offer Group loans to individuals in a group. Group members are only responsible for non-financial obligations, such as the screening and selecting of potential new clients. In addition, the social cohesion within the groups means that members help foster financial discipline by encouraging each other to repay loans on time.
Before a loan is disbursed, the loan officer and the branch leader carry out a credit evaluation process and a loan proposal is formulated that is presented to the branch credit committee for decision taking.
Group meetings are held regularly, at a fixed time, day and place and all members are required to attend. Please refer to your relationship officers for details.