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  Loan Products

Asempa
Ohwefo
Obrapa
Trade Finace loan/ Overdraft
Import Clearance Loan
Institutional Development Loan
Salary Advance / Executive Loan
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Products

 
Loan Products
  Asempa

This is a loan product suitable for micro operation by clients who are comfortable with small weekly repayments. The loan amount ranges between US$500 and US $ 6,000. Cash collateral of up to 25% of loan amount is paid into the customer’s account as regular business sales proceeds over a minimum period of 8 weeks. Repayment is done weekly for 30 weeks at competitive interest rate.

Details:

Working capital loans meant to boost the business of micro/small scale enterprises/entrepreneurs
Loan Size: GH¢500 - 30,000
Account Requirement: Operate deposit account for up to 7 weeks
Loan Term:  7months
Processing Time:  48 hours

  Ohwefo

A loan product similar to Asempa but is of higher amount which falls between US $8000 and US $30,000 with fortnightly repayment for a period of 40 weeks at competitive interest rate. Cash collateral of 30% of loan amount is deposited regularly from sales over a period of 8 weeks prior to submission of loan application

Details
:
Working capital loans meant to boost the business of micro/small scale enterprises/entrepreneurs
Loan Size: GH¢500 - 30,000
Account Requirement: Operate deposit account for up to 7 weeks
Loan Term:  7months
Processing Time:  48 hours
  Obrapa

This is a group loan product intended for clients who feel confident operating in a group instead of being individuals. Each group is made up of five persons living in the same area or operating in the same locality.

Loan amount ranges between US $500 to US $5,000. Collateral is 25% of loan amount deposited weekly over minimum of 8 Weeks. Repayment period is 30 weeks.

Details:
Working capital loans meant to boost the business of micro/small scale enterprises/entrepreneurs
Loan Size: GH¢500 - 30,000
Account Requirement: Operate deposit account for up to 7 weeks
Loan Term:  7months
Processing Time:  48 hours

  Trade Finance Loan / Overdraft

This loan product provides working capital for the medium size entrepreneur. The loan size ranges between US $5000 to US $85,000. It is repayable over a period of 3 to 12 months. Inventory and movable assets may be considered for collateral.

Details:
This is a business loan for small enterprises/entrepreneurs.
Loan Size: GH¢5,000 - 80,000          
Account Requirement: Operate Current Account for up to 7 weeks
Loan Term:  10months
Processing Time:  72 hours

  Import Clearance Loan

This loan product provides working capital for the medium size entrepreneur. The loan size ranges between US $5000 to US $85,000. It is repayable over a period of 3 to 12 months. Inventory and movable assets may be considered for collateral.


Details:
Offers quick access to loans to clear goods from the port, to avoid Demurrage costs
Loan Size: GH¢5,000 - 50,000
Account Requirement: No WWBG Account required
Loan Term:  3months
Processing Time:  48 hours

  Institutional Development Loan

This product assists schools and churches to undertake extensions and repairs to their buildings.
The loan size ranges from US $ 2,000 to US $50,000. Repayment is monthly for churches and termly for schools (in line with the schools academic terms) collateral – moveable assets and financial instruments.
  Salary Advance/Executive Loan

To provide credit facilities to Salaried Workers to help them pay school fees, bills and acquire other household items and other assets
Loan Size - Up to GH¢ 20,000

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