School Improvement Loan
School Improvement Loan is designed for school proprietors and proprietress of private schools to improve their schools in terms of increased learners’ enrolment & quality education, educational facilities, accreditation and meeting up with regulators requirements. It is for school needs such as working capital, buildings improvement/renovation and procurement of fixed assists that enhances learning.
Features
- CAC Registration
- Loan range ‒ NGN 250, 000 to NGN 10, 000, 000
- Methodology: Individual
- Grace period ‒ 2 months
- Repayment Mode ‒ Repayment (School Academic Section) and shall be according to school cash-flow
- Loan period ‒ 12 months
Benefits
- Own school property serves as collateral.
- Access to funds to finance school projects.
- Flexible repayment structure
- Low interest rate
Documentation
- Savings account with CSD MFB
- Loan application letter
- Duly completed application form
- 2 guarantors
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
- Current utility bill
- Recent passport-size of the Applicant and Guarantor
- Collateral