Microfinance Loans

Microfinance Loans (The Bank’s Flagship Product).

  • Source of Funding: – Adonten Community Bank Ltd.
  • Targeted clients: – Women groups in sustainable trade and other income generating activities.
  • Basic Requirements: Meeting the general eligibility criteria.
  • Savings deposits: According to total savings as at the time of appraisal. Minimum of 20% of loan request.
  • Equity requirement: Group Solidarity
  • Interest Rate: 3% per month or any other rate approved from time to time.
  • No COT charges
  • Loan Duration: – Four (4) months to six (6) months.