Advantages of solidarity group lending

• Simplified procedure, reduced number of documents
• Loans are tailored to the business’ necessities, regardless of the ammount size
• Loan request form is simple, written in an accessible language
• Posibility to access the loan at any moment
• No penalties for early reimbursement
• Flexible reimbursement scheme, adjusted to the client’s business
• Quartely interest payment
• Posibility to begin and develop the credit history
• Posibility to raise the loan amount for the next year, of course with the condition to follow the reimbursement scheme. For the first year, the maximum loan amount will be of 5 000 MDL, for the second – 10 000 MDL, while for the third – 15 000 MDL.
• The group members able to work with loans over 15 000 MDL are encouraged to apply for other MICROINVEST products, such as individual loans or venture capital.
• Accounting and bookiping procedures are simple, not requiring special competencies
• no other outlays are required to be made when obtaining group membership or accessing subsequent loans.