KWASU Group Lending

The obligor member must either live or operate their trade within the same proximity of all their group members.
The loan limit is N300, 000.00 each member
Loan term is180 days
Processing fee- 2.5% flat
Management fee- 2.5% flat
Interest Rate: 3% -4.5% monthly on reducing balance – As the case may be.
Repayment shall be in equal weekly or monthly installments from sales proceeds.
Joint Group Guarantee and combined goods and assets of the group members.
One additional guarantor outside the group
5% Cash Collateral Deposit
Association commitment where applicable.
Affidavit of stock hypothecation to KWASU MFB Ltd.