What we do
The mission of CRAN Microfinance is to meet the needs of the productive poor and Small and Medium Enterprises (SME) in rural and peri-urban communities with emphasis on women and the vulnerable through Micro Loans; and Micro Savings in an excellent and professional manner.
commodity group loans
The Commodity Group Loan is a group-based financing scheme designed specifically for market women. It operates on a group guarantee system, where members collectively support and ensure each other’s repayment. Loans are repaid on a convenient weekly basis, making it easier for participants to manage their finances while growing their businesses.
Individual Loans
This is an individual loan product that requires collateral and a 20% cash deposit. Repayment is made either daily or weekly, depending on the nature of the client’s business or trade.
Institutional Loans
This is a loan product designed for institutions and their employees, where the institution provides a guarantee for its staff. Repayments are made through source deductions and remitted to CRAN MF on a monthly basis.
How it works
- We conduct community investigation to assess eligibility of clients
- We train eligible clients for six weeks before granting loans
- Clients assess themselves (peer assessment) as to who qualifies or otherwise
- Loans are disbursed after peer assessment
- Repayments are collected on a weekly basis for sixteen weeks
- If a client misses a payment, the rest of the group members contribute to pay
Do I qualify?
If your answer to these questions is yes then you do qualify
- Are you a rural dweller?
- Do you have a business you want to expand?
- Are you willing to join a group?
- Do you have collateral if you are not prepared to join a group?
- Are you prepared to pay 20% deposit if you do not want to join a group?
- Can you make daily or weekly repayment?
- Do you work in an Institution that guarantees loans for its employees?
Have a question?
Our offices are open to receive and answer any question you might want to ask us
