Loan Product
Bottom Loan
At Victory Microfinance Institution, we believe every great business begins with a single bold step
The Bottom Loan from Victory Empowerment Centre Microfinance Institution (Victory MFI) is a small, low-interest loan designed for women and men running small businesses who need quick funds to grow. It targets active petty traders at the base of the business pyramid—giving them the opportunity to restock goods, increase sales, and strengthen their business operations without financial strain. With a small percentage interest rate, modest loan amounts, and better repayment duration, the Bottom Loan is affordable, easy to access, and a stepping stone to bigger loan opportunities in the future.
The initial loan amount is based on the client's business. After repayment of the initial loan, the loan is increased in subsequent loan cycles. This is a continuous process until the client decides to end the services.
Basic Requirement
- Valid Means of Identification – National ID, Voter’s Card, Driver’s License, or International Passport.
- Must be active trader of petty goods.
- Proof of Business.
- Passport Photograph.
- Guarantor(s) – At least one credible guarantor with verifiable means of income and identification.
- Membership/Client Registration – Must be a registered client of Victory Empowerment Centre.
- Loan Application Form – Properly filled and signed.
