|
Getting
a loan with CHOMI is very easy. All one has to do is formulate a
group
of three to seven members. For first
loan applicants, CHOMI's only collateral
requirement for members is to have a group. Second and third time
loan applicants only submit a more detailed and enhanced business
plans.
After
a group has been formed, training on CHOMI's policies and procedure
follows. After that, members are asked to submit their individual
Business Plans or get introduced into business plans formulation.
After all the proposals are formulated, then the group members decide
who among themselves should get the first loan.
Summarized
loan requirements;
- Forming
a group of 3-7 members.
- Creating
business plans or learn how to.
- Deciding
on who gets to apply first as a group.
- Submiting
Business Plans to loan
review committee.
- Getting
a loan.
|
