Who it may suit
Eligible organised groups or cooperatives, with accepted governance, authority and repayment evidence.
Product catalogue
Group and cooperative loan
Explore credit for an eligible organised group or cooperative with clearly defined borrowers, authority and repayment responsibility.
This category does not confirm a current offer from this institution.
View contact optionsUnderstand this category
An eligible group or cooperative may apply for finance for an agreed activity. Before applying, establish who borrows, who is responsible for repayment and what each member or guarantor is committing to. The institution will assess the activity, governance, income and required security. A collective application is not automatic approval. Every person taking on responsibility should understand the terms, including what happens if another participant does not pay.
Practical uses
Collective enterprise, approved production investment or coordinated business needs; individual consumption is not presumed covered.
How to proceed
Agree the borrowing mandate; identify responsible borrowers and signatories; prepare the plan; lender assessment; disclosed decision and acceptance; disbursement; group reporting and repayment.
What to prepare
Group/entity evidence; resolution; member/signatory identities as needed; business cash flow; authority and guarantee documents; accepted security.
Questions and answers
Does everyone guarantee the loan?
Only the approved agreement can establish that; disclose each person’s liability and consent.
Can group savings repay it automatically?
Not without the lawful, specifically disclosed authority and allocation rules.
Check this category with the institution
Ask whether this institution currently offers this category and request its own terms before applying or paying.