GHAMLimited Loan Facility

17/09/2021

Do you know you have a lot benefits to become a registered members?

12/05/2021

You need a loan from our cooperative?
Join our Ghamlimited multipurpose loan platform here by clicking

WhatsApp Group Invite

12/05/2021

HOW WILL YOU ACCESS A LOAN AT GHAMLimited Multipurpose Cooperative Societies ?

1. You have to come up with business plan, a more profitable one

2. Get to office and present your business plan and explain in detail in the business how you will execute the plan and what is required to execute it successfully

3. Pick a an interest form with a non-refundable fee of N2,000 only and fill the form.

4. After filling the form, submit for an approval to be in a queue or pending line to access the loan

5. Once you are allowed into the room, accessed your interest form, business plan and what you are needed to fund the business, the loan will be approved.

6. After approval to receive the loan from the GHAMLIMITED Multipurpose Cooperative Societies, a cheque will be issued to you and the payment begins immediately

7. You are the one to decide how you want to pay back the loan, either daily, weekly, or biweekly or bimonthly or monthly.

8. You are also they one that will determine how long you want to pay off this loan, either in one month time, or two months time, or three months time or six months time etc. The interest of 0.038 you are paying is calculated per month and added the account amount collected and divided by the number of months duration you want to be paying back the money.

9. Your savings is optional.

10. Success in your business awaits you will our soft loan.

11/05/2021

PART – B: LOAN DETAILS, INTEREST AND REPAYMENT

1. The minimum amount that can be accessed for loan is N10,000

2. Interest rate for any amount accessed is 0.038% only per month

3. If a loan of N10,000 is accessed to be paid in 3 months time as agreed by the money lender, the interest calculation and repayment amount will be as illustrated below:

(a) The Actual loan amount (N10,000) multiply by 0.038% interest will be equal to N380

(b) N380 naira interest multiply by 3 months of which the money lender requested for to enable him or her repay the loan will be N1,140.

(c) The Actual loan amount (N10,000) plus N1,140 three months interest will be N11,140

(d) N11,140 realized to be paid in three months time divided by three months will be N3,720 on approximation per month.

(e) Therefore, the money lender will be paying N3,720 per month for the period of three months of the loan duration

4. The same calculation is applicable to any amount individual accessed for the loan. Failure to repay a night after the date of repayment, will attracts additional 0.038% interest on the current balance

5. The money lender shall give authority in letter writing to deduct the loan from the salary otherwise shall be paying via other means other than salary.