GROUP LOAN
The women group loan facility targets women operating micro and small scale business including small holder farmers across the country.
The product operates in two forms as in Rural Community Banking and Urban Community Banking in order to cater for the differences in socio-economic dynamics of the regions.
The loan facility is issued to structures women groups with solidarity co-guaranty mechanism. It also has a savings component that aims to encourage and build the culture of saving from the proceeds of the business as a means of gradual increment of accessible amounts.
Loan amounts ranges from GMD 1,000 to GMD 150,000 per member of a group.
Key requirements for access include; National ID card/pass port/voter registration card and a personal TIN number/certificate.
