How we promote financial inclusion in the grassroot*
We have a strong dedication to creating a thriving organization with significant growth that will take the lead in enhancing the poor's access to financial services. It is a membership organisation that offers a variety of financial services right to the doorsteps of its members as part of a radical action program. The Institute's services and operations are based on best practice methodologies developed by ASA Bangladesh, a market leader in the provision of microfinance services, and introduced to Nigeria through the UNDP-supported MicroStart program.
Our Loans
Individual Loans
The Individual Loan program offers a minimum loan sum of #25,000, accompanied by a service charge of 0.3%. This program is designed with the objective of assisting micro-small business proprietors in fulfilling their continuous working capital requirements. Over a span of 50 working days, borrowers will have the opportunity to repay the loan through uniform daily installments.
Group Loans
The Group Loan caters specifically to registered Trade Association Members seeking a tailored financial solution. This offering grants Trade Association members the chance to secure a loan facility aimed at fulfilling their working capital needs. The loan quantum spans from ₦100,000.00 to ₦1,000,000.00, accompanied by a 2.5% service charge per month. Repayment terms are adaptable, involving equal monthly payments across a maximum 12-month period.
Small Business Loan
The SME Loan presents clients with the chance to secure more substantial credit facilities within the realm of Small & Medium Enterprises. The loan amount spans from ₦500,000.00 to ₦5,000,000.00, featuring a service charge of 4.5% per month. &The repayment structure is adaptable, with equal monthly payments extended over a maximum loan term of 12 months.
