Micro Loan

Gives all micro savings account holders the opportunity to generate funds to support their businesses or life needs in times of urgent financial needs.

We offer a range of benefits designed to help you grow and thrive.
Some features our of micro loan include:

• Reliable and Quick Service
• Maximum repayment period of one year (12 months)
• 19.5% interest rate per annum
• Daily repayment schedule
• Loan security in a form of cash (a guarantor who’s also a member of SRICCU) or collateral.

You are eligible to apply for a business loan if you:

• are 18 years and above
• hold a minimum of GHc 300.00 shares
• are a micro savings account holder.
• have saved for three months
• have an active account

Requirements:

• National ID of applicant
• Acquire loan application form at a fee and fully provide all needed information
• Insure loan against death and disability
• Payment of loan insurance fee on the day of loan disbursement.
• Be recommended by the applicant’s agent (field officer)