- Facility range: N30,000 (minimum) to N150,000 (maximum)
- Methodology: Individual lending but group liability
- Duration: 8 months
- Charitable Trusts
- Grace period: 2 weeks
- Repayment frequency: Weekly
- Clients must belong to a union
This loan product is designed to operate on a group (union) methodology.
This loan product is designed to operate on a group (union) methodology. A union is a self-selected group of people who access loans individually but have group guarantees. Regular Loan is created to help meet the working capital needs of clients that run small businesses.
Asset loan as the name implies is targeted to help existing clients of Riverside MfB purchase assets such as generator, refrigerator, grinding machines etc. that will further enhance the productivity of their enterprise.
Education loan is a loan designed strictly for the payment of children's school (Primary and Secondary) related expenses in Nigeria only.
Riverside MFB Special loan product was developed to meet the credit needs of exiting regular loan clients who require bigger loan sizes to strengthen their businesses.
Enjoy the personalized service you need at Riverside Microfinance Bank, including long-term business financial planning and extended-hours access to our specialized business service team.
Copyright © 2021 Riverside Microfinance Bank. All rights reserved.
Developed by HBS
Copyright © 2021 Riverside Microfinance Bank. All rights reserved.
Developed by HBS