SHORT-SEASON FARMARS LOAN
SFL
- Category: LOANS
- Interest: 3.33% per month
- Interest Type: FLAT
- Total Interest: 20% for 6 months
Detailed information of the product
This type of loan shall be granted only to members who are into short-season farming.
The member must have one-third of the loan amount request.
Applicant shall provide guarantor(s) who are also members of ROAACCU.
The maximum loan shall be GH¢ 5,000.00 taking into consideration the capacity to pay.
The loan principal and the interest shall be paid in full on the 6th month.
Interest rate on the loan shall be 20% for the 6 months.