What the loan can be used for.
The Group Loan is designed for community groups, women's groups, youth groups, Village Savings and Loan Associations (VSLAs), cooperatives, and other organized borrower groups. Members collectively guarantee one another, so each member is responsible for supporting repayment.
Key benefits
- Group-based access to finance
- Mutual member accountability
- Supports organized community initiatives
- Reduced reliance on substantial individual collateral
Who this loan may suit
- Community, women, or youth groups
- VSLAs and cooperatives
- Organized groups with agreed leadership
- Members willing to provide mutual guarantees
What to prepare
You may need identification, contact details, proof of income or business activity, and documents showing how you will use the loan. Our team will confirm the full list after your enquiry.
Assessment and terms
Approval, loan amount, repayment period, interest, and security requirements depend on our review of the group structure, member capacity, governance, guarantees, and credit assessment. Terms apply.