Village Bank Group Loan

There’s strength in a team

A short term or medium term credit facility that can be accessed through a group with a minimum of 8 and maximum of 35 active entrepreneurs owning individual businesses.

Why you should apply for this loan >

  • Facilitates business performance and growth.
  • Flexible repayment period tailored according to the borrowers capacity and or desire.
  • No need for a trading license.
  • No collateral or security requirements to obtain the loan.
  • Competitive Interest rate.
  • Can be accessed for a number of cycles as long as the client repays well.
  • Loan amounts to individuals in the group ranging from Shs. 300,000 – 10M.

Qualifications for this loan

  • Individual borrowers with active businesses.
  • Applicant must be 18 years and above.
  • Credit Reference Bureau (CRB) registration
  • Group solidarity.
  • At least 6 months of business existence and activity.

Comes with outstanding benefits

  • Groups of 8 – 35 members
  • Relatively large amounts of loans up to Shs.10 Million
  • No collateral or security requirements to access the loan
  • Faster loan processing time (within 48 hours)
FINCA Uganda Ltd (MDI) is a Microfinance Deposit Taking Institution regulated by Bank of Uganda under the MDI Act 2003.
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