Accion Save Brighta

This is a product that aims to replace the esusu type of savings amongst micro entrepreneurs. It encourages one to save for three months and get 2X the amount saved as a loan.

Features
  • Access to loan up to N100,000.00
  • No collateral required
  • No Guarantor
  • 7 months repayment plan
  • Insured loan
  • 4.2% on savings
  • 8% interest on loan which gradually reduces to 7% interest all at a reducing balance method
Benefits
  • Instant account opening through phone
  • Automatic loan disbursement
  • Opportunity to grow business through Accion MfB
  • Encourages savings habits
Requirements
  • Completed account opening form with specimen signature card; and ATM form for signatories of the account
  • Primary or Secondary Means of ID (Not applicable to clients below N200K)
  • 2 Passport photographs each of the account holders
  • Utility bill (Not applicable to clients below N200K)
  • Completed ATM form