Loan Product
Individual Loan
Victory MFI’s Individual Loan is tailored for business owners seeking higher amounts to expand.
The Individual Loan from Victory Empowerment Centre Microfinance Institution (Victory MFI) is designed to provide flexible financing to single borrowers who want to grow their businesses, meet personal financial needs, or handle emergencies. It is ideal for entrepreneurs and small business owners who have established a track record of reliable business activity and can manage repayments individually without group backing. The loan offers competitive interest rates, quick approval, and repayment options tailored to your income flow.
The initial loan starts from your business need; 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.
- Individual Must have an active business
- Proof of Address – Utility bill, tenancy agreement, or address verification.
- 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.
