This product is designed for customers who are unable to afford formal bank loans due to the nature and size of their businesses. It is a group based loan tailor made to improve existing businesses through easy access and a comprehensive repayment method. The settlement duration is respectively 6 months to 12 months and negotiable.
This is a term loan meant for small and medium enterprises as well as individuals in trade or commerce, services, agriculture and transport sectors of the economy. This loan can be taken for either 3 months 6 months or 12 months period based on the requirements of the customer. Repayment can either be monthly or fortnight, however, negotiable.
Sahanra Business Development Officers involved to identify, evaluating and assessing technical aspects of customer's requests and recommend for approval of loan application and usually adhering to the following guidelines.