C-Cooperative loan

C-COOPERATIVE LOAN

Maximum Loan Amount:  Any amount

Interest Rate: 10% p.a.

Tenor:  Maximum tenor of 24 months

Purpose: To develop housing estate for members of her cooperative

Collateral: Any registered title document

HOW

Open a C-Cooperative  Account with an initial deposit of N100, 000.00

Complete the FMBN Cooperative loan form and attach all the supporting documents

FOR WHO?

For registered cooperatives whose members have been contributing to the scheme and have off-takers for their project.

Fees: 1% of the loan amount

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