MAYFAIR MICROFINANCE BANK LIMITED

LOANS

Group Loan –    Working Capital Loans

Group Loan – is for a group of individual who agree to meet for a defined period in order to save and borrow together.

Benefits:

• Borrowers do not need to provide conventional forms of collateral.
• The daily savings of the members ensure repayment at due date.
• Quick loan processing period. Save for 10days and get a loan on the 11th day
• Accessing loans to enable one boost their business working capital without having to provide the conventional collateral.
• One individual guarantor required.
• Opportunity to build up savings for future use which at the same time earns interest.

Relief Loan

This loan facility offers short term credit facilities to distributors traders/retailers, peddlers and others who are in active trade basically to fund their needs usually for a period of 30 – 120 days, renewable only after the full payment of the previous loan.

Consumer Asset Finance Loan

This is a product that provides customers with opportunity to purchase personal, business and household items from Mayfair accredited vendors, stores and OEM’s (Original Equipment Manufacturers)

Term Loan

This loan facility offers short term credit facilities to distributors traders/retailers, peddlers and others who are in active trade basically to fund their needs (Working capital loans) usually for a period of 30 – 180 days, renewable only after the full payment of the previous loan

Overdraft Loan

This loan facility offers short term credit facilities to distributors traders/retailers, peddlers and others who are in active trade basically to fund their needs (Working Capital Loans & Purchase Orders) usually for a period of 1 – 30 days, renewable only after the full payment of the previous loan.

ECS: Employee Credit Scheme   

This is a product that provides paid employees with opportunity to assess loans to meet unforeseen financial obligations when they occur.