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GUIDING PRINCIPLES
We shall adopt the following principles or best practices to guide us.

LOAN PRODUCTS
1. Standardization of loan policies with flexibility as the key, loan programmes, loan purposes, maturities and amounts are customized to meet borrower’s needs.


2. Credit and daily contribution and or savings products are designed to ensure customers save without knowing it.


3. Micro Loans are offered to any credit worthy borrower for any viable business purpose; they are not limited to any sector, commodity, or group.Most loans are for working capital, with relatively short terms (typically two months to six months and frequent payment installment-daily/weekly/monthly and monthly) borrowers repay both principal and interest in their installments.


4
. New borrowers start with small loans; larger loans are provided as borrowers prove both willingness and capacity to repay.


5.
Borrower training, other than orientation to the loan programme, is not required to receive a loan.


5. Micro Loans are not meant for venture capital. >>>MORE

 
 

In Treasures Micro finance Bank Ltd our major objective is to empower the low-income persons through our various products. These products are;

DIFFERENT TYPES OF ACCOUNTS:


  • CURRENT ACCOUNT
  • TREASURES SAVINGS ACCOUNT

  • DAILY CONTRIBUTION (THRIFT)
    (a) Simply Daily Contribution
    (b) Milestone Daily Contribution
    These products have been variously designed to actively advise and encourage the savings habit, as well as understand that when business continuity is achieved, as opposed to extravagantly spending the profit, more wealth can be created from the process. We believe that the poor can be helped to plan for their future.

While we take seriously the action to mobilize deposits, we have as well developed some credit products for our microfinance customers;


  • TREASURES EQUIPMENT LEASING ACCOUNT
    This product is developed to encourage and empower our teaming customers who are into Okada, Car Hire or Taxi services, Commuters and other transportation businesses use these items and subsequently become the owners after loan repayment. These enable the artisans like mechanics, vulcanizes, furniture makers, block moulders etc to otain equipment necessary for the operations while payment is made at their convenience and thereafter own such equipment at the time repayment is fully made.

  • TREASURES SALARY ADVANCE ACCOUNT
    As the name goes, the product is designed to accommodate salary earners who may need some cash even before their salaries are paid. Repayment is made so as to give them some level of convenience.

  • TREASURES TARGET ACCOUNT
    This product is designed for those saving towards a particular occasion or target.

 
     

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