Use the following procedures as a guideline to develop your own organization's lending procedures
...
YOUR ORGANIZATION’S NAME has established these guidelines to advocate fair lending practices, assessing not only the applicant's ability and willingness to pay but the potential risks and benefits to the ORGANIZATION as a whole.
All members clients who that have saved with the Organization for at least six months may borrow a maximum of three times his or her savings. The rate of interest for the loan shall be XX% per annum at a reducing balance basis.
Loan Products
No matter why the member client needs to borrow, YOUR ORGANIZATION’S NAME makes it easy. We offer a range of lending products to fit their needs. Our competitive interest rates and convenient application process make YOUR ORGANIZATION’S NAME the right choice for the members’ clients’ borrowing needs.
Personal Loans:
Qualifying members clients can apply for a Personal Loan. Personal Loans allow the members clients to use their good credit to borrow a specific amount over a pre-determined term. Personal loans include:
- Emergency Expenses
- School Fees
- Loan consolidation
Business Loans:
YOUR ORGANIZATION’S NAME offers a variety of lending solutions for our business owners. We are here to help our members clients further develop their businesses through effective funding options and training programs.
...