These are loans given to identifiable business group who operate in specific market. The group must be registered and have a leader who coordinates and lead the activity of the group.
Features and Complementary Benefits
✔ Members guarantee for each other
✔ Group leader coordinates and takes repayment from each member
✔ Group can comprise of 5-10 people
✔ New groups can access facility from FXMC
✔ Account with FXMC is not a prerequisite
✔ Relationship officer for each group.
✔ Loan tenor is 3-6months