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.
- 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
- 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