HELP OTHERS PROMOTE ENTERPRISES (HOPE)

This product is designed to capture the presently unbanked sector of the economy bringing HOPE to this sector for its inclusion into the formal banking and financial system through credit and retail financial services to small scale enterprises.

MAIN FEATURES

• Group members to self select themselves into group of 5 members each
• Each group must have its own “approved” leadership
• Loans will be disbursed to individuals with joint and several liabilities against all members of the group

REQUIREMENTS

• Individual members must maintain a savings account with the bank
• Financing requirements ranging from Le 5,000,000 – Le 25,000,000
• Letter of recommendation and guarantee from association or organization
• Weekly deposits into savings accounts

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Other accounts opening requirements