Our special loans for entrepreneurs in groups of five to six individuals who know each other well and are able to guarantee their loans.
To access these loans you must be 18 years old or above and ready to form a group of five to six entrepreneur members.
Why your group should consider these loans:
- Low loan charges
- Make your repayments only once a months
- Loan amount depends on the type of business the group in involved in
- Ability to make savings in installments
- The bank will register and accept your group as valid
- Access to many other banking services such as ATM withdrawals 24 hour, seven days a week
- Access to advice and professional guidance from the bank before your loan is issued
How do you qualify?
- Applicants for the loan must form a group of five to six members
- Members are required to be fully acquainted with each other and be able to guarantee one another against any loan
- The business for which the loan is applied must have been in operation for 3 months or more
- Applicants must be prepared to open a Savings Bomba account and a Special Savings Account (SSA) to be used to guarantee the loan
- The business and places of residence of applicants must be located in areas served by the bank
Terms and conditions apply
For further information please visit an ACB branch near you or call 2118340-43