Micro Finace

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Susu Account

Susu
This is a deposit account with no interest and cannot be drawn with a cheque. Deposits are made through the bank's agents (Mobile Bankers).
Target Market
Any individual who is 18 years and above.
Features and requirements
� Cash deposits/contributions can be made daily, weekly, monthly or as the customer prefers.
� Customer shall provide 2 passport size pictures and a photo-based national ID card.
� Proof of residence (Utility bills)
� A passbook shall be issued to customers at a fee.
� A minimum of Ghs1 shall be accepted to open the account.
� A minimum of Ghs5 shall be minimum account operation balance.
� Savings withdrawal booklet shall be provided when requested for by the customer.
� Account Maintenance fee shall be charged on quarterly basis.
Benefits
�  Satisfactory account operations qualifies a customer for a loan.
� Withdrawal frequency not restricted.
� optional SMS Alert

Women-In-Development

This product has been designed specifically for women hence, its educational component has been very useful to the Women groups. They also receive in addition to the credit education, nutrition, personal hygiene and basic book keeping training from officials of the Bank.
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Features
A minimum savings period of five times before members can access a loan with a maximum amount of GHS20,000.00. A minimum of 20% deposit on all loans.

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