Vehicle Maintenance Loan
For Commercial Transport Associations.
- Members must be registered with a Taxi/Tricycle park, which itself must be registered under Lagos State Taxi/Tricycle Park Association.
- A group will have a minimum membership of 10.
- Unity Savings account will be opened with compulsory deposit of 16% of loan amount.
- The group members must have functional vehicles (Taxi or Tricycle)
- Maximum loan amount of N50, 000.00 to N150,000.00 for first disbursement.
- Cross guarantee amongst group members and guarantee of the executives of the park.
- Individual guarantor will fill the guarantee forms provide passport and form of identification and attend interview session.
- The loan is for 12-24weeks with one week of grace.
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