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Group Loan
Empowering Groups for a Brighter Future
At Mbaitoli Microfinance Bank, we understand the power of collective effort. Our Group Loans are designed to support groups and cooperative societies by providing the financial resources needed to grow and succeed. Whether your group needs funds for a joint project, business expansion, or other investments, our Group Loans offer the perfect solution with the added benefit of cross collateralization.
Why Choose Our Group Loans?
- Flexible Terms: Tailored repayment plans to suit your group’s financial needs and project timelines.
- Competitive Interest Rates: Enjoy favorable interest rates that make borrowing affordable and sustainable.
- Quick Approval: Benefit from a streamlined application process with quick approval times to get your funds when you need them.
- Cross Collateralization: Share the collateral responsibility among group members, increasing the borrowing capacity and security of the loan.
- Dedicated Support: Our experienced team provides personalized support and guidance to help you make the most of your loan.
How to Apply for a Group Loan
Applying for a Group Loan with us is simple. Visit our branch at Km 12 , Orlu / Owerri RD, Nwaorieubi, Mbaitoli LGA, Imo State, Nigeria, during office hours.
Our friendly staff will guide you through the process and help your group choose the best loan options to meet your needs.
What You'll Need:
- Valid identification for all group members (e.g., national ID, passport, or driver's license)
- Proof of address for all group members (e.g., utility bill or tenancy agreement)
- Business plan or project proposal
- Collateral documents for cross collateralization