Jenga Chama Loan
Jenga Chama addresses wealth acquisition and growth needs of investment groups while offering opportunities for financial growth to the individual members.
Registered Chama (groups) of at least 3 members involved in common business venture.
• Up to 10 Million
• Period up to 48 months
• Low interest rate on reducing balance (Rate to be advised)
• Extended repayment period
• Flexible financing requirements
• Legal support for company registration
• Capacity building for groups through bank organized investment forums
• At least 3 members having existed for a minimum of 12 months
• Must have joint business venture
• 6 months account operation
• Must register or convert into a company to borrow
• Provide more than 20% contribution of loan required.
• Legal Charge, Debenture over company assets
• Cash cover.