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
  • Training on business management and finance
  • Affordable interest rate

Features:

  • Method: Group
  • Tenor: 8 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 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
  • Training on business management and finance
  • Affordable interest rate

Features:

  • Facility range: 10,000 and above (amount granted depend on loan cycle)
  • Tenor: 4 months
  • Repayment: every 3 days
  • Method: Group

ASSET INVESTMENT LOAN

Asset/Investment Loan is designed to help our clients procure business assets, equipment or work tools like sewing machine, generator, deep freezer, grinding machines 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
  • Training on business management and finance
  • Affordable interest rate

Features:

  • Facility range: 10,000 and above (amount granted depend on loan cycle)
  • Method: Group
  • Tenor: 4 Months
  • Repayment: every 3 days

SHORT-TERM LOAN

Short-Term Loan is designed to assist qualified individuals who are willing to expand their business scope and earn more income. In order to qualify for this facility from Sobic & Company, an applicant must have been in a specific business for at least one year, operating from the same location for at least six months.

Benefits:

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

Features:

  • Facility range: 50,000 and above
  • Method: Individual and group
  • Tenor: 3-6 months
  • Repayment: Monthly

INTEGRATED FARM PROJECT

SOBIC and Company’s Integrated Farm Project is to make food available for all at cheaper rate. The project involves oil palm, plantain and cocoa plantations. The oil palm is further processed to make palm oil available to distributors and direct consumers.