ASSET LOAN.

This loan is designed to enable clients, from the second stage of group loan, acquire productive assets…

Asset Loan

This loan is designed to enable clients, from the second stage of group loan, acquire productive assets, with a maximum loan size of N1,000, 000, and it has a 3% monthly service charge. Repayment is made in equal monthly instalments over the loan term.

Features

  • Facility range: N100,000 to N1,000,000 for first stage loan
  • Methodology: Group
  • Duration: flexible, but most not exceed ten months
  • Grace period: 30 days

Benefits

  • No collateral
  • Provides capital for farming activities
  • Flexible loan term
  • Low interest rate
  • Expert financial advice available

Documentation

  • Duly completed application form
  • 2 guarantors
  • 4 recent passports-size photograph with white background
  • A valid means of ID (national ID, driver’s license, voter’s card or international passport)
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LAPO Rural Development Initiative (LARDI) is designed to promote household livelihood activities towards improving the conditions of living of low-income households in rural communities

Need Financial Empowerment? Contact Us: 0905-949-2981