Egwafin is a microfinance bank focused on empowering small businesses, farmers, and entrepreneurs through accessible loan products and financial support. We offer a range of services, including SME loans, agricultural loans, startup loans, and personal loans.
Who is eligible for a loan?
Our loans are available to SMEs, agricultural businesses, startups, and individuals. Eligibility requirements vary by loan type, but generally, you should be at least 18 years old and have a viable business or agricultural project.
How do I apply for a loan?
You can apply for a loan by filling out our online application form or visiting our branch. Once you submit your application, our team will review it and contact you to discuss the next steps.
What documents do I need to provide for a loan application?
Required documents include a government-issued ID, proof of business ownership or registration, financial statements (if applicable), and a business plan or agricultural project plan. Additional documents may be required based on the loan type.
Can I apply for more than one loan at a time?
Yes, you may apply for multiple loans if your financial situation allows. However, each loan application will be assessed individually.
What repayment options do you offer?
We offer flexible repayment options tailored to your specific loan type and needs. For agricultural loans, we provide seasonal repayment options to align with harvest cycles, and for SMEs, we offer monthly and quarterly repayment plans.