Traders’ Group Loan
For petty traders/Micro enterprises
- This is a loan made available to traders on a group by group basis to enhance their revenue and enable them meet up their household financial needs.
- The bank will make loans available to members of the group based on the following:
- A group will have a minimum membership of 10.
- Unity Savings account will be opened with compulsory deposit of 16% of loan amount.
- The group members must have verifiable ongoing trade/skill.
- Loan amount dependent on type of trade but maximum of N50, 000.00 to N150,000.00 for first disbursement.
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