Group Loan
Fekuw bosea – Stronger together. Form a group and access more funds with better rates.
Together We Grow
Our group loan program is designed for communities of entrepreneurs who know and trust each other. By forming a group of 5-15 people, you can access larger loan amounts at lower interest rates while supporting each other's businesses.
Group loans build trust, encourage savings, and create a support system that helps everyone succeed. No individual collateral needed – the group guarantees together.
Why Choose Group Loans?
Mutual Support
Group members guarantee each other. You're never alone in your business journey.
Lower Interest
Group loans have 0.5% lower interest than individual loans. Save more on every payment.
Higher Amounts
Access up to GH¢50,000 as a group – much more than individual loans.
Build Credit
Each member builds their personal credit history for future individual loans.
Peer Learning
Share business tips, market information, and support each other's growth.
No Collateral
The group's collective guarantee replaces individual collateral requirements.
How Group Loans Work
Form a Group
Gather 5-15 people who know and trust each other. Family, friends, or market colleagues.
Choose Leaders
Select a group leader and secretary to coordinate with our loan officers.
Group Training
Attend a free group training session on loan terms and responsibilities.
Apply Together
Submit one group application with all members' information.
Receive Funds
Funds are disbursed to the group account, then distributed to members.
Group Repayment
Make payments as a group at weekly meetings. Support each other to stay on track.
Group Requirements
Group Size
Minimum 5 members, maximum 15 members
Valid IDs
Each member needs Ghana Card or Voter's ID
Passport Photos
One photo per group member
Group Constitution
Simple agreement on how the group will operate
Contact Information
Phone numbers for all members
Regular Meetings
Commitment to meet weekly for repayments
Loan Amounts by Group Size
Interest Rates & Fees
| Loan Amount | Interest Rate (per month) | Processing Fee | Term |
|---|---|---|---|
| GH¢2,000 - GH¢10,000 | 3% | 1% | 3 - 12 months |
| GH¢10,001 - GH¢25,000 | 2.8% | 1% | 6 - 15 months |
| GH¢25,001 - GH¢50,000 | 2.5% | 1% | 12 - 18 months |
Interest calculated on reducing balance. No other hidden fees.
Frequently Asked Questions
Ready to form a group?
Gather your people and let's grow together. Yɛbɔ mu yɛ adwuma!