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About Individual Business Loans
Individual Business Loans are tailored to support sole proprietors and self‑employed members in starting, sustaining, or expanding their businesses.
Requirement of Individual Business Loans
- Must be an active member of the Credit Union
- Must operate a verifiable business
- Loan amount based on savings, business performance, and credit assessment
- Interest rate as approved by the Credit Union
- Interest rate as approved by the Credit Union
Benefit of Individual Business Loans
Loan amounts and terms are structured to suit individual business needs and cash flow.
Enables members to restock, expand operations, acquire equipment, or improve service delivery.
Repayment schedules are designed to align with business income patterns.
Access to capital helps increase productivity and profitability.
Guidance is provided to help members manage and repay their loans responsibly.