Types of Loan Products
The Cooperative Fund offers three types of Loan Product to its members.
Small size capital investment
Max $6,000 USD
Maximum loan term of 36 months
Maximum grace period of 3 months
Frequency – Monthly, provision with collateral
Working capital
Max $16,000 USD
Maximum loan term of 14 months
Maximum grace period of 10 months
Frequency – Monthly, provision with collateral
Large size capital investment
Max $16,000 USD
Maximum loan term of 60 months
Grace period of 3 months
Frequency – Monthly, Provision with collateral
Please make sure you have been in touch with our field coordinator before filling out an application.
Loan Application Process
Stage 1
Apply for Loan
- Filled Loan Application Form
- Submit to Credit Committee Email
Stage 2
Approval Process
- First Review by Secretary of Credit Committee
- Within 10 days, Credit Committee Meeting is arranged
- Applicant attends the assessment process and receiving the questions/Feedbacks
- Positive or negative decision is made my credit committee
- The meeting note is signed
Stage 3
Receiving the Loan
- Money transfer to Applicant Bank Account
Stage 4
Repay Loan