Loan Product
Daily Loan
Victory MFI supports small businesses with the VEC Daily Loan.
The Daily Loan from Victory Empowerment Centre Microfinance Institution (Victory MFI) is a quick and flexible financing option designed for traders who handle daily cash transactions. It provides fast access to working capital, allowing you to restock goods, meet urgent business expenses, or take advantage of time-sensitive opportunities. With daily repayment plans, you can repay in small, manageable amounts from your daily sales, avoiding the stress of lump-sum payments.
The Initial Loan is N70,000 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 daily cash generating goods.
- 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.
