Group Loans
If you are a group, have an income, but do not have sufficient collateral and want to guarantee loans to group solidarity, the FINCA GRUP loan choice is specially meant for you.
• Term of loan up to 24 months
• Loan amount from 100 to 3.000 €
• Grace period up to 3 months
• 0% disbursement fee
Loan specification:
• More favorable conditions
• No bank account required
• Pay by installments weekly, biweekly or monthly
Group loans are designed for lower income clients and small traders with modest levels of business activity and cash flow, who do not have credit histories or capacity to collateralize loans. Group membership is determined through a self-selection process and groups are formed and managed by the members themselves. Group solidarity is the primary method of securing the loan.
Credit is given for:
• Manufacturers, traders, small services
• Increase of production capacity, trade and service
• Supply of raw material and available products
• Purchasing of small machinery
To apply for this loan online, please click here
For more information please contact our nearest office.