This is a credit facility which is granted to a bereave family for the sole purpose of organizing a funeral for the departed family member upon providing evidence of death.
FEATURES AND ELIGIBILITY:
v The family head otherwise known as ‘Abuasua Pannin’ and or the children and spouse of the deceased (where applicable) shall in all cases grant their written consent for the facility.
v The facility shall be guaranteed by two (2) other salary workers whose salaries passes through the bank or two (2) other account holders with active account operation can also guarantee.
v The duration of the facility shall not exceed one (1) month from the date of disbursement.
v The facility shall be disbursed two (2) weeks before the funeral and repayment is expected to be made two (2) weeks after the funerals.
v Commission charge 10% upfront.
v 1 % insurance on the amount disbursed.
v No commitment fee.