If society members require financial assistance in the importing / exporting of goods for business purposes, a tailor made loan facility has been introduced to empower members through their respective cooperative / society, and support them in their endeavor to contribute to the national economy.

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
  • Suitable collateral will be required to mitigate risk on a case by case basis
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
TAKE THE FIRST STEP
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