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My School Extra

This will also serve as both working capital and asset loan for schools.

Features
  • Access to loan of up to N2,000,000.00
  • Loans strictly disbursed to schools
  • Interest rate of 5% per month
  • Insurance on loan at 1%
  • Tenure of up to 2 years
  • Admin fee of 1%
Benefits
  • Working capital and asset loan for schools
  • Quarterly repayment plan
  • Competitive interest rate.(5% reducing balance month)
  • 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