Group Loans
This is a type of loan designed for a number of people. To apply for this loan, a minimum of 5 people are allowed to be in one group. These may include but not limited to farming community, church groups, etc
An agreement is entered between Nyasa Capital Finance and group.
Repayments are managed by group Treasurer.
LOAN REQUIREMENTS
5 Members,
National IDs,
Original Copies of the Collateral (Motor Vehicle or Land),
Revaluation of Collateral,
Utility Bill,
Security documents and
Bank Statements last 3 months).
We establish and value the asset base of each member of the group
We monitor the group frequently to ensure that it does not get dissolved.
The names of the contact individuals including Chairperson, Treasurer and Secretary of the group and IDs.
Group Loans ranges from K200,000 to a maximum of K1,000,000