The Small Business Loan was established to foster and support the spirit of entrepreneurship among our members.
10% Share Requirement.
Up to 18 months to repay.
Flexible Repayment Cycle (weekly, fortnightly or monthly).
Affordable interest rates.
Maximum loan amount of $100,000.00 per member.
Up to three (3) members may be granted separate loans towards the same project.
This loan may be granted for any business related activity.
Requirements For All Loan Applications
- Job Letter
- Last three (3) month’s payslips
- Financial Statements (self-employed individuals)
- Verification of purpose
- Id (Passport, Driver’s Licence or National ID)
- Taxpayer’s Registration Number (TRN)
- Credit Union passbook
You may need one or more of the following depending on the type of loan being applied for
- Valuation Report
- Motor Vehicle Title, Fitness & Registration/ C87
- Quotation of Comprehensive Insurance
- Registered Title
- Surveyor’s Id Report
- Certificate of Payment of Taxes
- Character Reference
- Credit Reference