Monday, July 24, 2017
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MICRO INDIVIDUAL LOAN

Short term business loan for financing working capital and asset acquisition of micro business.

Basic Requirements

  1. As little as GH¢5.00 to open an account with any means of National ID- NHIS ID, Passport, NIA card, Driver's License or Voters ID card.
  2. Savings or Current Account with WWB Ghana.
  3. Non- account holders with a good track record from another financial institution with guarantor (s) and collateral without guarantee fund.
  4. Movable/ non moveable collateral like cars, household property and business
  5. Assets, Guarantee Fund
  6. Applicant must reside within the branch designated area of operation.
  7. The business must be on – going.
  8. Guarantor(s).



SALARY LOAN

Loan facility offered to salaried employees of reputable private companies and government institutions. Employees who take regular monthly salary can access loan from WWBG to solve pressing financial problem. Loan repayment will be done through deduction at pay source or issuing of post dated cheques.

Basic Requirements

  1. Employment on permanent terms for a minimum period of one year.
  2. Original copies of salary pay slips for 3 months prior to loan application.
  3. Copy of employment appointment letter or contract.
  4. Recommendation/ Employee's Undertaking from employer.
  5. Guarantor(s).



MICRO FINANCE INSTITUTION LOANS

This product is available to Microfinance Institutions or Credit Unions in the micro sector of the economy to on-lend. The institutions must have been in business for a minimum of one year and have at least 500 clients.

Basic Requirements

  1. Employment on permanent terms for a minimum period of one year.
  2. Original copies of salary pay slips for 3 months prior to loan application.
  3. Copy of employment appointment letter or contract.
  4. Recommendation/Employee's Undertaking from employer.
  5. Guarantor(s).



GROUP LOANS

This product is a group based lending available to micro entrepreneurs who are in the same locality and are in similar businesses.

Basic Requirements

  1. Must be willing to operate account with WWBG.
  2. Membership must consist of small and micro entrepreneurs from same location.
  3. Members should be friends in business with no blood relations.
  4. Ability to co-guarantee each other.
  5. Willing to attend group meetings as per schedule.
  6. Be of sound mind and health.
  7. Own and operate business within designated areas as per WWBG rules and regulations.
  8. Willing to abide by all the rules and regulations as laid down in the group constitution.



AUTO LOAN

WWBG Auto Loans is targeted at members of transport unions in the country such as PROTOA.

Basic Requirements

  1. Willing to register the vehicle in the joint names of WWBG and client.
  2. Willing to comprehensively insure the vehicle and WWBG noted as loss payee.
  3. Willing to make daily/ weekly savings towards the loan repayment.



SCHOOL FEES LOAN

This product is designed to meet a specific need which is to pay school fees. It is targeted at active deposit and loan customers of WWBG, Salaried workers and others.

Basic Requirements

  1. Low fixed interest rates.
  2. Loan terms from 1 to 3 months.
  3. Provision of a bill of the school fees.
  4. Cheques are issued directly to the educational institution.
  5. Repayments are scheduled monthly.



PREMIUM LOAN

The WWBG Premium loan is for clients with registered businesses who require a very short term facility to meet an immediate need in their business.

Basic Requirements

  1. Low fixed interest rates.
  2. The facility is of a revolving nature, renewable every 3 months for a period of 12 months.
  3. Non- account holders with a good track record from another financial institution with guarantor (s) and collateral without guarantee fund can access the facility.



INTRODUCTION

We're here because our cherished customers and we always make them a priority in whatever products we come up with. We offer very flexible loan facilities for our customers. Here are some reasons why you should always count on us for your loan needs:

  1. Fast Processing of loans
  2. Manageable loan repayments depending on borrower's ability
  3. Competitive Interest Rates charged
  4. Affordable loan for low income earners and the urban poor
  5. Flexible Payment Plan: Weekly, Fortnightly or Monthly
  6. Improving lives of women and others through economic empowerment
  7. Acquiring business management skills
  8. Acquiring savings habit to accumulate funds for future financial needs
  9. Insurance cover for all loans against fire, flood and disability.

APPLY NOW!

Call the Credit Management Team on 0302 -214430 Ext: 4313, 4314 and 4317. Or visit any of our branches near you.