This is an easy and convenient product that enables you to secure a loan through the Susu savings account. This product is open to both new and existing customers. The product enables customers to acquire loans to support and grow their trade/ business.
BENEFITSApplicants should have been consistently saving for at least three (3) months in their Susu savings account
You can receive up to two and half times the amount contributed
Loan tenure is between 4 to 6 months
Relatively low and competitive interest rate
Flexible mode of repayment (Daily, Weekly, Bi- Weekly OR monthly)
Quick loan processing and disbursement process
Varied loan size depending on capacity to repay
This is a loan product specifically designed for salaried workers in public and private institutions to help meet their pressing financial needs or contingencies.
FEATURESThe qualified loan amount depends on net salary
Loan term ranges from 6 months or more
Attractive Interest rates on loans
BENEFITSRelatively low and competitive interest rate
Enjoy credit life insurance
Quick loan processing and disbursements
Rebate (interest reduction) on early repayment
The Baobab Group Loan is tailor-made for women. It is a convenient, simple and reliable loan product that gives the low-income women entrepreneurs, easy access to working capital and or financial support for their businesses.
Under this unique product, we offer a collateral-free loan to pro-poor women in various deprived communities using the ‘Credit with Education Methodology’. All group members enjoy convenience, group support and their non-financial benefits. These women clients are transformed through periodic business advisory services, trainings, etc.
FEATURESAttractive interest rates per annum
No collateral needed
Group guarantee/Solidarity method used
Free application process
No cash deposit or security needed
This is a short to medium term loan for Micro, Small and Medium-sized Enterprises to meet their varying financing needs including working capital, asset acquisition, projects, business expansion, manufacturing, etc.
FEATURESLess cumbersome procedure
Flexible amounts to meet the needs of all levels of businesses
Quick Turnaround time
Term: Up to 12 months
Competitive interest rates
Flexible repayment terms
REQUIREMENTSIdentity and proof of address of applicant
Company Registration documents if applicable
For non-customers, three (3) months bank statement would be required
Collateral security
Baobab Microfinance Company Limited remains dedicated to its aim of poverty reduction in Northern Ghana by aiding to improve sanitation and hygiene in some selected communities. Fundamentally, the company disburses loans at very low interest rates to household owners in order to help them construct decent toilet facilities thus, curtailing the issue of open defecation.
Since 2009, the Company in-partnership with RUFINLIT & GoG-UNICEF under the Sanitation and Marketing (SANMARK) project implemented this product by:
Advancing loans to help in the construction of Water, Sanitation & Hygiene (WASH- projects); for people residing in several communities in Kpandai and Salaga.
This loan product is aimed at significantly improving the living and economic conditions of the poor-rural and peri-urban households, primarily enhancing financial inclusion of these households.
The Baobab Agricultural Loan is a financial product offered to low/medium-income level individuals or businesses operating in the agricultural sector. This loan is specifically designed to meet the unique needs of farmers, agricultural businesses, and those involved in related activities. However, we are currently piloting this as a project under the Kpandai Branch with plans of expanding to the other branches, and to cover more crops in the near future.
Overall, the Baobab Agricultural Loan is aimed at empowering farmers and agricultural entrepreneurs by providing them with the necessary financial resources that, they need to invest in their farms businesses so as to increase productivity, and improve their livelihoods.
The product is particularly aimed at yam and Soyabeans farmers and individuals involved in related agricultural activities in Kpandai.