Women’s World Banking Ghana Loans

Women’s World Banking Ghana Loans

Our Loan Products

Individual Micro Loan

Short term business loan for financing working capital and asset acquisition of micro business.

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Basic Requirements

  1. As little as GH¢20.00 to open an account with any form of a valid national identification
  2. Savings or Current Account with WWB Ghana
  3. Non-account holders with a good track record from another financial institution with guarantor(s) and collateral
  4. Cash collateral
  5. Movable/non moveable collateral like cars, land property
  6. 6 to 12 months bank statement from other financial institution(s)
  7. Business must be on–going
  8. Guarantor(s)

Salary Loan

Loan facility offered to salaried employees of reputable private companies and government institutions. Employees who take regular monthly salary can access loan from WWBG to solve pressing financial problem. Loan repayment will be done through deduction at pay source or issuing of post-dated cheques.

Basic Requirements:

  1. Employment on permanent terms for a minimum period of one year
  2. Original copies of endorsed salary pay slips for 3 months prior to loan application
  3. Bank statement of applicant
  4. Copy of employment appointment letter or contract/confirmation letter
  5. Undertaking from employer
  6. Guarantor(s)

MICRO FINANCE INSTITUTION LOANS

This product is available to Microfinance Institutions in the micro sector of the economy to on-lend. The institutions must have been in business for a minimum of one (1) year and have at least 500 clients.

Basic Requirements:

  1. Must be willing to operate an account with WWBG
  2. License(BOG)
  3. Application letter
  4. Resolution letter
  5. Company information
  6. Directors/management profile
  7. Auditors financial statement
  8. One year bank statement
  9. Management accounts
  10. Collateral
  11. Assignment from reputable financial institution as collateral will be an advantage

SMALL AND MEDIUM ENTERPRISES

This product is available to small and medium enterprises with a minimum credit turnover of GHc 100,000 for a year operation.

Basic Requirements:

  1. Must be willing to operate an account with WWBG
  2. Application letter
  3. Resolution letter (if there are board of directors)
  4. Company/Enterprise information
  5. Directors/management profile
  6. Auditors financial statement
  7. One year Bank statement
  8. Management account
  9. Collateral(Movable/ non moveable collateral like cars, landed property etc)

Group Loan

This product is a group based lending available to micro entrepreneurs who are in the same locality and are in similar businesses.

Basic Requirements:

  1. Must have an account with WWBG
  2. Membership must consist of small and micro entrepreneurs from same location
  3. Members should be friends in business with no blood relations
  4. Ability to co-guarantee each other
  5. Willing to attend group meetings as per schedule
  6. Be of sound mind and health
  7. Own and operate business within designated areas as per WWBG rules and regulations
  8. Willing to abide by all the rules and regulations as laid down in the group constitution

EZ Loan

This product is a collaboration of WWBG and Petratrust, where clients use their Investment with Petratrust to assess loan from WWBG.

Basic Requirements:

  1. Must have an account with WWBG that loan can be disbursed into
  2. 95% of the investment should cover loan plus interest
  3. Loan can be secured for a period of 12 months maximum
  4. Client should have investment with Petratrust

School Fees Loan

This product is designed to meet a specific need which is to pay school fees. It is targeted at active depositors, loan customers of WWBG, Salaried workers and others.

What It Entails:

  1. Client must be willing to operate account with WWBG
  2. Loan terms from 1 to 3 months
  3. Provision of a bill of the school fees
  4. Cheques are issued directly to the educational institution
  5. Repayments are scheduled monthly

Trinity Loan

The WWBG Premium loan is for clients with registered businesses who require a very short term facility to meet an immediate need in their business.

Benefits:

  1. Must have an account with WWBG that loan can be disbursed into
  2. 70% of the investment should cover loan plus interest of the facility
  3. Loan can be secured for a period of 12 months maximum
  4. Client should have investment with Databank
  5. Investment is used as collateral while it earns interest

Quick Fix Loan

This product is a collaboration of WWBG and enterprise trustee, where clients use their Provident Funds with Enterprise Trustee to assess loan from WWBG.

Basic Requirements:

  1. Must have an account with WWBG that loan can be disbursed into
  2. 100% of the investment should cover loan plus interest
  3. Loan can be secured for a period of 12 months maximum
  4. Client should have investment with Enterprise Trustee

Controller Loan

WWBG grants loans to Public Sector workers who take their pay through Controller and Accountant General’s Department. The purpose of the salary loan is to assist them meet their personal needs.

Basic Requirements:

  1. Must have an account with WWBG
  2. Must be a Government worker and have two or more years in the service
  3. Loan term is 24 months maximum
  4. Receives salary from Controller and Accountant General Department
  5. Repayments are scheduled monthly