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MED LOAN

MED Loan is designed to meet the capital needs of medium scale
entrepreneurs who require more funds for businesses expansion and sustainability

MED Loan

MED Loan is designed to meet the capital needs of medium scale entrepreneurs who require more funds for their business expansion and sustainability. Many MFIs tend to focus on small scale businesses while a lot of medium enterprises are unattended to. Thus, MED loan is an intervention platform for the enhancement of already existing medium scale businesses and for small scale businesses evolving into medium scale. It is an individual loan with monthly repayment

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Features

  • Facility Range: 150,000 Minimum - 500,000 Maximum for beginners
  • Methodology: Individual
  • Duration: 6 Months
  • Repayment Frequency: Monthly
  • Grace Period: 30 days

Basic Selection Criteria

  • The person must have a viable business that can be assessed and verified
  • Client must have a lock up shop
  • Willingness to use loan for income generating activities
  • Must be a registered member(s) of SLO

Benefits to Clients

  • Low interest rate
  • No Collateral
  • Good credit history leads to increment of loan
  • Flexibility of repayments
  • Transparency, no hidden charges

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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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