The Multipurpose Loan intends to assist the clients by providing finance for sending their children to school, meeting school fees and investing in their own house.
Register as a member of RENEW Microfinance:
- Step One: Briefing from Loan Officer or Branch Officer
- Step Two: Open a Savings Account
Documents Required for Registration
- Passport Size Photo of the applicant (2 copies)
- ID Photocopy of the applicant
- Health Card Photocopy (for minors)
- ID Card Photocopy of Nominee
Documents Required for Loan Registration
- ID Card Photocopy of the applicant
- ID Card Photocopy of the Guarantor
- 2 Legal Stamps
- Budgeting Book must be fully filled up
Conditions for Loan Registration
- Register at least a month before to avail a loan
- Fill up a loan form (will be done by the loan officer)
- Guarantor must be an income earner
Interest Rate: 24%