Business Asset (BA) loan: This loan is designed for the purchase of business assets and tools to enhance the business performance of our clients. The prerequisite for this loan is that the borrower should have completed at least a cycle of the (Female Entrepreneur Empowerment Loan) FEEL loan.
Other features include:
- Individual liabilities
- No collateral
- 20% equity contribution
- 15% flat interest rate
- Equal monthly repayment of principal and interest
- Loan tenure is 10 months.
- 1 Guarantor
- Maximum loan of N200, 000