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Group Loans – Sky Financial Services

Group Loans

These loans are availed to the very low-income clients that lack collateral and are involved in micro businesses. The target group includes women and youths. Through group-lending models, Sky Financial Services is able to address the financing needs in which small-scale credit for income-generation activities is provided to groups of individuals who do not have material collateral

Our Golden Rule

Turn Around Time - One (1) working day

Working Tip Efficiency

Be an active group member

Loan Eligibility

Minimum Loan Amount (UGX 500,000), Maximum Loan Amount (UGX 10,000,000), Loan Term (12 months), Repayment Frequency (Weekly), Grace Period (1 month), Collateral (Group Guarantee), Interest Rate (2.5% Per Month), Interest Method Computation (Flat Rate), Other Processing Fees (6% Loan Commitment Fees, 1% insurance fees), Membership: Minimum 5 members – Maximum 20 Members

01. Create a Loan Payment account

Create a loan payment account at any of our branches of choice. Request for a Loan Application Form to file your request for the loan

02. Create a Loan Payment account

Create a loan payment account at any of our branches of choice. Request for a Loan Application Form to file your request for the loan

03. Loan Processing and Disbursement

If found to meet the loan eligibility criteria, your loan will be processed and disbursed against your loan payment account for further management

Meet Our Team