Our productive loans can be used by members to generate income, create or sustain employment, and provide goods and services for the local & export markets. Let us help you grow your small business or bring an idea to life.Loans offered include but are not limited to:

• Agro-Processing
• Manufacturing
• Business Development
• Capital Investment

 

Benefits

• Affordable interest rate calculated on the reducing balance
• No loan processing fees
• No hidden charges
• 100% financing
• Grace period of up to three (3) months on payment of principal, if needed
• Up to ten (10) years to repay
• Loan protection coverage up to $150,000 at no direct cost to you

Requirements

Meet with our Business Development Unit for a complete discussion.

Here’s a checklist of items you’ll need to provide us with:

• Business financial statements ( for existing businesses)
• Business plan including cash flow projections for 3 years for loan amounts over $20,000
• Certificate of Incorporation or Business Registration certificate
• A minimum of 10% of the loan request as Security savings
• Shares based on the loan amount.
• Invoices (documentation) to support your application
• Details of security being offered
• Details of your liabilities and commitments (loans, hire purchase, household expenses)
• Photo identification (eg. Social Security Card or passport)
• If the approved loan is $77,000 and more or if you are 50 years and older, a medical examination is necessary for loan protection coverage.