MICRO START PROGRAMME (MSP)

Micro-Start Programme is a product designed to run in groups for small business owners and entrepreneurs to boost their businesses. An intending member may form a new group or join an existing one to access this loan.

Benefits:

  • Quick access to funds
  • Affordable interest rate
  • Easy repayment

Features:

  • Facility range: 20,000 – 2million (amount depends on loan cycle and client’s capacity)
  • Method: Group
  • Tenor: 6 months
  • Repayment: Weekly
Sobic

SOBICPLUS (MSP Monthly)

SOBICPlus is an individual loan designed to serve Medium Scale Enterprises like distributors, dealers, wholesalers and other business owners. The focus is on market environments and business districts. It also seeks to serve clients who prefers individual loan to group loan.

Benefits:

  • Quick access to funds
  • Affordable interest rate
  • Affordable interest rate

Features:

  • Facility range: 200,000 – 10million (amount depends on loan cycle and client’s capacity)
  • Method: Group
  • Tenor: 6 months
  • Repayment: Weekly/Monthly

DAILY GROUP LOAN (DGL)

As the name implies Daily Group Loan is targeted at daily income earners and petty traders who are in need of funds to expand their business for increased profitability. To enjoy this facility, a potential client needs to join an existing group or form a new one.

Benefits:

  • Quick access to funds
  • Affordable interest rate
  • Affordable interest rate

Features:

  • Facility range: 10,000 - 100,000 (amount depends on loan cycle and client’s capacity)
  • Tenor: 40 days (excluding weekends)
  • Repayment: Daily
  • Method: Group

INVESTMENT LOAN (ASSET ACQUISITION)

Investment Loan is designed to help our clients procure business assets, equipment or work tools like sewing machine, generator, deep freezer, grinding machines, motorcycles and tricycles etc. The would-be beneficiary must be skilled or trained in such area of business to qualify for this loan.

Benefits:

  • Quick access to funds
  • Affordable interest rate
  • Easy repayment

Features:

  • Facility range: 50,000 - 3million (depends on the cost of asset)
  • Method: Group
  • Tenor: 6months - 2years
  • Repayment: Weekly

Daily Contribution Scheme (DCS)

Daily Contribution Scheme is aimed at encouraging individuals, especially entrepreneurs, traders and artisans to cultivate savings habit. Minimum daily contribution is #200 and customers can withdraw anytime upon demand.

Benefits:

  • Quick access to funds
  • Training on business management and finance
  • Affordable interest rate

SHORT-TERM LOAN

Short-Term Loan is a salary loan and advance for Salary earners- in public and private institutions. It is also accessible to players in the educational sector like schools and tutorial centres

Benefits:

  • Quick access to funds
  • Affordable interest rate
  • Affordable interest rate

Features:

  • Facility range: 50,000 and above
  • Method: Individual and group
  • Tenor: 6-9 months
  • Repayment: Monthly

INTEGRATED FARM PROJECT

SOBIC Farm is a project targeted at increasing food availability at cheaper rate. The project involves poultry products – eggs, chicken, oil palm, plantain and cocoa plantations. The oil palm is further processed to make palm oil available to distributors and direct consumers.