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.
Requirement
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.
