Our Services - FBA MICROFINANCE

Flexible Loans Designed for Real Life Needs

At FBA Microfinance Ltd, we provide accessible loan solutions to support education, business growth, emergencies, and community development.

Our Loan Products

Loan Solutions That Fit Your Life

School fees loans

This product is designed to help students or parents pay for education costs when they cannot afford to pay them upfront.

Group Loan Or Individual Loan

An individual loan is where a single borrower takes out a loan based on their own financial profile, creditworthiness, and income.
A group loan is a type of loan taken by a group of individuals, usually with a common interest or purpose.

Mortgage

We believe land ownership should be within reach. That's why we specialize in acquiring prime land, meticulously developing it into serviced plots, and offering them directly to you. This isn't just a purchase; it's a strategic investment in your family's legacy and financial future.

Business loans

Business loans can be a powerful tool for entrepreneurs and companies seeking to grow, expand, or overcome financial challenges

Salary Loan

Our Salary advance is a short-term loan designed for salaried employees. Whether you need to cover unexpected expenses, invest in personal development, or manage temporary cash flow challenges, we provide quick access to funds with flexible repayments aligned to your pay cycle.

Emergency loan

Get quick access to funds in times of urgent need, typically for medical expenses, unexpected repairs, or unforeseen events that require immediate attention.

REQUIREMENTS FOR OUR SERVICES

All applicants shall satisfy the following criteria without exception

The loan size shall be determined by the savings to loan requirement which shall be reviewed from time to time by the Executive Committee using management recommendations to the Credit Committee. It is a percentage of the loan amount at point of appraisal and this should grow mandatorily at a rate defined by the Company on a monthly basis over the loan lifetime

Must be a member (Subscription fee shs.10,000)
Must have an operating business or a job
We need one passport photo
National Id copy scanned or photocopy
Recommendation letter from the chairperson and workplace
Loan application fees
One guarantor and must be a member
Collateral security that doubles the amount requested
Inspection of your workplace and home of residence. NOTE: The client incurs the transport costs during inspection stage

Loan Application Process

1️⃣ Become a direct member of FBA Microfinance
2️⃣ Fill in the loan application form (online or in person)
3️⃣ Submit all required documentation
4️⃣ Application review by the lender
5️⃣ Risk assessment by an underwriter
6️⃣ Creditworthiness, income & collateral evaluation
7️⃣ Receive a decision (approval, decline, or conditions)
8️⃣ Review loan offer and terms
9️⃣ Sign loan agreement
🔟 Funds are disbursed