Frequently Asked Questions

FAQ on Group Loan

What is Group Loan and how much can I borrow?
Who can apply for Group Loan and How?
What are the requirements for Group Loan?
Do I need to have a Business License?
Does my business site need to be in the same township as registered in the household registration certificate?
How can I make the repayment?
What is the repayment schedule?
How fast is the disbursement process?
Can we form a group with relatives?
Can someone from a different household registration certificate sign for acknowledgement?
Are there any service and document fees and how much will these be?
Is it mandatory to make the saving? How much do we need to save and what is the withdrawal process?
Hana Microfinance