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Group Loans

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                                                   Group Loans

This group loan is designed to help facilitate the growth of SME’s, entrepreneurs and businesses. This group loan comes without any collateral. The incentive to repay this loan is based on peer pressure, if one group member defaults, the other group members make up for the repayment amount.


  • Flexible loan 
  • Competitive interest rate
  • Less cumbersome procedure


  • Available to traders with same or similar business
  • Repayment period (up to 10 months)
  • 20% cash lien
  • Interest rate of 3% per month
  • Facility fee of 3.50%


  • The group should consist of not more than TEN (10) members engaged in same or similar activities (Minimum of 5 members)
  • Loan granted for such scheme for the first application ranges from(GH¢500.00 to 3,000.00)
  • The loan amount can increase over a period of time, provided that the group members repays their loans successfully/fully