CGEE Mfi > Our Products

Regular/Small loan

CGEE potential clients are women who do not have access to the credit facilities offered by commercial banks due to lack of material collaterals.

About Regular/Small Loan

This is the parent loan of the Centre, the gateway loan through which the clients can have access to other types of loans. This loan is in cycles with a pleasant start up amount. Clients in good standing will have access to subsequent higher loans and other loan products if criteria for such products are met. This loan is paid back on weekly installments.

FEATURES

THE FOLLOWING ARE THE FEATURES OF REGULAR/SMALL LOAN:

  • Facility range: N10,000 (minimum) to N70,000 (maximum) for new members
  • Facility range: N10,000 (minimum) to N200,000 (maximum) for old members
  • Methodology: Individual
  • Duration: 23 weeks (excluding holidays)
  • Grace period: 2 weeks
  • Repayment frequency: weekly
  • Clients must belong to a group
  • Grace period: 2 weeks

BENEFITS:

  • No collateral
  • Access to funds for business expansion
  • Access to other loan products to strengthen client’s enterprise, e.g. festival, monthly and Asset loan
  • Flexible repayment structure
  • Training on basic financial management, business planning and customer relations
  • Low service charge
  • Expert financial advice available

DOCUMENTATION REQUIRED

DOCUMENTATION REQUIRED INCLUDE:

  • Duly completed application form
  • 1 guarantor with 2 recent passport photographs
  • A valid bank account
  • 2 recent passport-size photographs

GRADING SYSTEM

FREQUENTLY ASKED QUESTIONS:

  • 1. Q: How do I join a group?
        A: You locate a CGEE Group around where you live. 

  • 2. Q: Can a Credit Manager (CM) locate a union for me?
        A: No. According to CGEE's policy, a Credit Manager isn’t allowed to direct you to a group to join.

  • 3. Q: Can I start a Group?
       A: Yes.

  • 4. Q: Do I need collateral before I can access this loan?
        A: No. You do not need collateral as a condition but one guarantor that can stand as your surety in case of default. He/She must be closely related.

  • 5. Q: Can I re-apply for a higher loan after the full repayment of the previous loan?
        A: Yes. You can have access to a higher loan depending on the previous repayment performance.

  • 6. Q: Is this loan insured?
        A: The loan is insured against death, fire in the business place or disability

Important Dates

25
December
Christmas Day

Christmas Day

Full Calendar

SUMMARY

  • Basic Science which comprises Biology, Chemistry and Physics
  • CGEE is a department of JDPC
  • CGEE has a cliental portfolio of about 100,000
  • Staff strength of about(452)
  • No. of Branches(87)
  • No. of Areas (22)
  • No. of Divisions(8)
  • CGEE has branches in all the states in the southwestern part Nigeria
    • CGEE: “Centre For Grassroot Economic Empowerment (CGEE)is a Non- Governmental Organization that was established to support the empowerment programs of the JDPC of the Catholic Diocese of Ijebu-Ode through poverty alleviation among Farmers and Women." CGEE: “Centre For Grassroot Economic Empowerment (CGEE)is a Non- Governmental Organization that was established to support the empowerment programs of the JDPC of the Catholic Diocese of Ijebu-Ode through poverty alleviation among Farmers and Women." CGEE: “Centre For Grassroot Economic Empowerment (CGEE)is a Non- Governmental Organization that was established to support the empowerment programs of the JDPC of the Catholic Diocese of Ijebu-Ode through poverty alleviation among Farmers and Women." CGEE: “Centre For Grassroot Economic Empowerment (CGEE)is a Non- Governmental Organization that was established to support the empowerment programs of the JDPC of the Catholic Diocese of Ijebu-Ode through poverty alleviation among Farmers and Women."