Call Us: +2348153615704

6 Osifo Street, Opp. Guinness Nig.

Find a Branch

MID TERM LOAN

A Mid Term Loan is a top-up loan for members already running different stages of our loan product.

Mid Term Loan

A Mid Term Loan is a top-up loan for members already running different stages of our loan product, and must be up to twelve weeks of the running loan at any given time of request. The essence of this loan is to increase the cash flow of the members whose business capital may have decreased due to their commitment to repaying the current running loan.

Read More

Features

  • Methodology: Group
  • Facility Range: Half of curent regular running loan
  • Grace Period:7 days
  • Repayment Frequency: Weekly
  • Duration: 6 Months (24 weeks)

Basic Selection Criteria

  • Micro/Small business owners(women, more of advantage)
  • Must have good repayment history
  • Willingness to attend group meetings weekly
  • 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.

Learn More

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.

Learn More

Assest Loan

Asset loan is specifically design for members who need loans for income generating property purchase

Learn More