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My School Plus

This loan serves as both working capital and asset development for private schools.

Features
  • No administrative fees
  • Access to loan of up to N5,000,000.00
  • Loans strictly disbursed to schools
  • Interest 9% p.a
  • Insurance on loan of 1%.
  • Can only access 40% of loan request for school plus while 60% must come from school extra
  • Commitment fee of 1%
  • Tenure of up to 1 year
Benefits
  • Working capital and asset loan for schools
  • Quarterly repayment plan
  • Very low interest rate.(9% per annum)
  • Easy loan procedure
  • Opportunity to grow business with Accion MfB
Requirements
  • Account opening and proper documentation required
  • Proof of school ownership/existence
  • Proof of business viability
  • Proof of school existence for at least 1year
  • School must be willing to have business account with Accion MfB