Financial assistance to aid in any import / export of items by the cooperation / society, these bullet loans can be obtained based on the capacity of each society and the trading requirement.

FEATURES AND BENEFITS
  • Repayment period of 1 year at prevailing interest rates, with a 3-month grace period.
  • Repayment can be made monthly, or as a bullet repayment.
  • Loan amount depends on the capacity of the society.
Eligibility
  • SANASA Societies, Multi-Purpose Cooperative Societies, other cooperatives and registered societies may apply for this loan
  • Import documents or Export LC will be kept by the bank as collateral
Required Documentation
  • A duly filled loan application
  • Society Mandate
  • Society Registration Certificate
  • Copy of the Memorandum and Articles of the Society
  • Certified copy of the resolution of the Board of Directors
  • Society Declaration Form
  • Signature Card
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