Group loans
Group loans
Group loans are the essence of Turame’s work. We lift up entrepreneurs through group lending that incorporates biblical principles.
Fully transparent
- We value respecting our commitments.
Favorable conditions
- No guarantee for solidarity groups
- We act out of compassion.
- We strive to demonstrate God’s grace and truth.
Community Bank
- Eligibility: 18 to 70 years old
- Group size: 10 to 30 members
- Loan duration: 43 weeks
- Payment frequency: weekly, bi-weekly and/or monthly
- Amount: 100,000 – 2,000,000BIF
- Interest rate: 3%
Solidarity group
The loan amounts for this product vary between 1,500,000 FBU and 3,000,000 FBU per member of the group.
- Eligibility: 18 to 70 years old, micro-business owner
- Group size: 5 to 20 members
- Loan duration: 6 to 12 months
- Payment frequency: weekly and/or monthly
- Amount: 1,500,000 – 3,000,000 FBU
- Interest rate: 2.5% per month
Salary group
Loan amounts for this product vary between 350,000 FBU and 10,000,000 FBU per member of the group.
- Eligibility: 18 to 70 years old, long-term contract
- Group size: 5 to 10 members
- Loan duration: 5 years
- Payment frequency: monthly
- Amount: 350,000 – 10,000,000 FBU
- Interest rate: 1% per month