Susu loan scheme, which is designed to give financial assistance to clients who are required to repay the loans daily or weekly or bi-weekly, is meant for the running and expansion of clients businesses. The product has been categorised into four namely; silver Susu loan scheme, diamond Susu loan scheme, Susu gold loan scheme and Susu Platinum loan scheme
Target
• Petty traders
• artisans like barbers, tailors, weavers and footwear manufacturers
• service providers like transport owners
Eligibility
• Must be engaged in a viable economic and legal activity.
• At least 18 years of age.
• must be a Ghanaian citizen or a foreigner who must have stayed in the locality for at least 5 years with resident and working permit
• must have opened a Susu Savings account and made at least 3 contributions per week for 2 consecutive months
• Total contributions should be at least 33.33% of amount requested.
