Loan Products

Get quick access to our Loan products, which are tailored to meet your needs

Regular Loan

20,000 - 170,000
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

Features

  • Methodology: Group
  • Nature: Micro and small in nature, (20,000 Minimum, 170,000 maximum)
  • Grace Period: 2 Weeks
  • Repayment Frequency: Weekly
  • Duration: 8 Months(30 weeks)

Basic Selection Criteria

  • Micro/Small business owners(women, more of advantage)
  • Willing to join a group
  • Willing to attend group meetings weekly
  • Willing to use loan for income generating activities
  • Must be a registered member/s of SLO

Benefits to Clients

  • Low interest rate
  • No Collateral
  • Expert financial advice available
  • Flexibility of repayments
  • Transparency, no hidden charges
Contact A Branch Now

Special Loan

70,000 - 250,000
This is specially designed to meet the capital needs of small and medium scale entrepreneurs who require more funds for expansion

Features

  • Methodology: Group
  • Nature: Micro and small in nature, (70,000 Minimum, 250,000 Maximum)
  • Grace Period: 1 Month
  • Repayment Frequency: Monthly
  • Duration: 6 Months

Basic Selection Criteria

  • Small/Medium business owners(women, more of advantage)
  • Willing to join a group
  • Willing to attend group meetings weekly
  • Willing 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
  • Expert financial advice available
  • Flexibility of repayments
  • Transparency, no hidden charges
Contact A Branch Now

Asset Loan

70,000 - 250,000
Asset loan is specifically design for members who need loans for income generating property purchase

Features

  • Methodology: Individual lending but group liability
  • Nature: Micro and small in nature, (70,000 Minimum, 250,000 Maximum)
  • Grace Period: 1 Month
  • Repayment Frequency: Monthly
  • Duration: 10 Months

Basic Selection Criteria

  • Small/Medium business owners - women, more of advantage
  • Willing to join a group
  • Willing to attend group meetings weekly
  • Willing to use loan for business expansion
  • Must have benefited regular loan at least twice
  • Asset to be purchase must be related to the business line of beneficiary
  • Must be a registered member/s of SLO

Benefits to Clients

  • Low interest rate
  • No Collateral
  • Expert financial advice available
  • Flexibility of repayments
  • Transparency, no hidden charges
Contact A Branch Now

Agricultural Loan

50,000 - 500,000
The agricultural sector is noted as the highest employer of labor in West Africa. Yet, it is not much more than peasant farming which could barely satisfy the needs of families due lack of funds. These reasons and more have propelled Standard Life Organization to start agricultural credit initiatives

Features

  • Methodology: Individual, group and corporate
  • Facility Range: 50,000 Minimum, 500,000 Maximum
  • Grace Period: 30 - 60 Days
  • Repayment Frequency: Monthly
  • Duration: 1-12 Months

Basic Selection Criteria

  • Small/Medium Farm owners - women, more of advantage
  • Willing to join a group
  • Willing to use loan for farming business/expansion
  • Prospective clients must be practicing farmers with verifiable evidence of existing farm investments
  • Must be a registered member/s of SLO

Benefits to Clients

  • Low interest rate
  • No Collateral
  • Expert financial advice available
  • Flexibility of repayments
  • Transparency, no hidden charges
Contact A Branch Now