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6 Osifo Street, Opp. Guinness Nig.

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Golden Loan

This loan is designed to meet up to the demand of some selected members
although are in the union, but has business capacity to stand alone on individual loan.

Golden Loan

This loan is designed for SLO existing members whose credit history over the years are without hitch. It is also to meet up to the demand of some selected members of the union, whose business capacity can accommodate the amount involve.

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Features

  • Low interest rate
  • Minimum disbursement amount 150,000 maximum 200,000 for beginners
  • Stages increment minimum 100,000 maximum 150,000
  • It is a monthly loan
  • It has 30 days grace period

Basic Selection Criteria

  • Union with credit discipline and minimum membership of twenty
  • Willingness to join a group
  • Willingness to attend group meetings weekly
  • Members with good credit history on three consecutive stages
  • Willingness to use loan for income generating activities
  • 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:

Midterm Loan

This loan is design to meet the capital need of an already existing client whose curent loan has droped due to the weekly repayments and need a top up as a back.

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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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