Ordinary Loan (CO) is a product that was developed to strengthen the working capital of COPEDU PLC Customers.
target audience
Business, trading
Eligibility criteria
• Be a Customer of COPEDU PLC for at least 3 months.
• For legal persons, it is necessary to have a legal personality
• Having made frequent movements on his account, especially in the last 6 months
• Be considered credible,
• Not be indebted to other MFIs or commercial banks
• Do not have a negative credit history at COPEDU PLC, in other MFIs, or in commercial banks
Features
•Limit: minimum: 100,000 FRW, maximum: 220,000,000 FRW
•Duration:5 years
•Interest rate: 20% per year decreasing, 1.7%decrease
•Repayment method: monthly repayment.
•Late payment penalty: 2.7% per month of the late amount.
Advantages
•Increase in working capital
