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Loan Product

Group Loan

Solidarity-based lending for community groups and cooperatives.

About This Loan

Group Loans are offered to self-formed solidarity groups of 5 to 30 members. Members guarantee each other, enabling access to credit without individual collateral. Ideal for market traders, cooperatives, and community associations.

Key Features

  • Groups of 5 to 30 members
  • No individual collateral required
  • Group guarantee mechanism
  • Progressive loan cycles with increasing limits
  • Weekly group meetings for support and accountability

Eligibility

  • Formed group with elected leadership
  • All members aged 18 years or above
  • All members holding valid national IDs
  • Group savings record of at least 4 weeks
  • Operational within a VFP branch catchment area

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