EEMFB

MicroBusiness.

The Microbusiness unit has the responsibility of providing specialized banking service to the active poor. It is our belief that these informal entrepreneurs are bankable and that majority of them will remain poor until they are exposed to formal banking and have access to credit, information and capacity building.

Our interest rate is low and repayment period is flexible

Requirement

Loans up to N500,000

Hand written Application Form.

Must have run the account(Inflow and Outflow) for 3 months

Duly Filled Loan Application Form.

Daily Savings Must Continue Even After Loan has been Disbursed.

Ensure you have a good credit record.

Features & Benefits

Beneficiaries of our Microcredit Program engage in trades like sales of recharge cards, soft drinks, food stuff, firewood, kerosene, beans cake and also provide services including laundry, mama put, hairdressing, sewing, photography etc. The unit organizes them into small groups (5-25) and are coached through a mentorship programme to determine their suitability to enroll and benefit from the program which include microcredit, micro-savings, micro-insurance, skills acquisition and group formation. For the Microcredit loans members of beneficiary groups are jointly responsible for ensuring loan repayment, so they are required to give a cross guarantee/commitment for the loan.

for more information call our customer care line or Visit our office to find out more.