Empowering Low-Income Entrepreneurs Together
At X-Cel Plus Micro-Credit, we believe in the power of community and collaboration. Our Small Group Loans (GGLS) are designed specifically for very low-income entrepreneurs who run the smallest enterprises. These loans provide a pathway for financial growth through mutual support, where group members come together to guarantee each other’s access to credit facilities.
With Small Group Loans, you can borrow funds to grow your business without needing traditional security like land titles or vehicles. This product is perfect for entrepreneurs who are ready to join forces with others to unlock opportunities and financial empowerment.
Why Choose X-Cel Plus Small Group Loans?
No Traditional Security Required: In the early stages, borrowers can access loans without the need for traditional collateral like land titles or motor vehicle documents. Instead, the group members guarantee each other’s loans.
- Affordable Weekly Loan Repayments: Manageable weekly installments make repayment stress-free, helping you focus on growing your business rather than worrying about large payments.
- Networking and Business Growth: By joining a small group, you have the chance to network with other entrepreneurs, share ideas, and explore new opportunities for business expansion.
- Low Interest Rates: Enjoy highly competitive interest rates designed to support low-income earners, ensuring that the cost of borrowing is kept affordable.
- Fast Turnaround Time: We understand the urgency of business needs, so our approval and disbursement process is quick. Repeat borrowers get approved loans on the same day they apply.
Loan Requirements
To ensure a smooth application process, all you need is:
- 3 to 5 People in a Group
- Attend Weekly Meetings at the branch or designated meeting venue.
- Valid National ID for each member (Voters, Ghana Card, Passport, SSNIT Card)
