My Own Loan

This is a working capital loan for micro customers.

Features
  • Access to loan for as low as N50,000.00 to N399,000.00
  • No collateral required
  • 4 to 12 months tenor
  • Competitive Interest rate @ 6% reducing balance
  • Insured loan of 1%.
  • Admin fee of 1%
  • Commitment fee of 1%
  • 10% Equity contribution
Benefits
  • Quick turnaround time
  • Easy loan procedure
  • Competitive interest rate
  • Opportunity to grow business with Accion MfB
Requirements
  • Prove of business ownership and experience
  • A/C opening required
  • Viable business
  • Guarantor
  • And any other document that might be requested for by Accion MfB