The loan is available for only group members of solidarity groups which are also members of a Credit Association(CA)
A minimum loan amount of GH¢ 500 is granted for first time borrower depending on the business size
Group creation are solely initiated by members without influence or restriction from outside parties.
A mandatory savings par week of repayment with CWE Loans.
Loan processing fees will be paid upfront or deducted from loan amount before disbursement.
Interest rate is moderate.
Training sessions in leadership will be conducted for each CA.
Group members must be prepared to provide joint and several guarantees..
Each loan must be supported with savings, generated by the group and equal to or more than 10% of the loan amount to be granted.
The loan is for period of four (4) to six (6) months(loan cycle).
The loan repayment is either in weekly or monthly bases.
The average loan size is GH¢500 per member with the maximum size being GH¢1,000.Normally, once its granted the maximum loan goes through a process of graduation (repeat borrowing).
