To obtain a loan from Emeralds Microfinance Bank, the prospective customer needs to have been in business for at least one year, operating from the same location for at least six months.
Tenure: The tenure of loans depends on the type of loan, ranging from 1-12 months
Loan Repayment: Loan repayments are made either weekly or monthly except for Group Loans which are strictly repaid weekly.
Guarantor/ Surety
Every loan application requires TWO Guarantors or Sureties. The Guarantor must be between 28- 59 years and have the capacity to repay the loan should the customer default in his/her loan repayment.
