Loan Provision - The Cooperative Fund

Loan Provision

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