Loans

LOANS

We provide various loan services to our customers.

Business Loans

Designed to suit the requirements of small and mid-sized traders, loaned to individual members and groups running a business of up 10 members

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Agribusiness Loans

Focuses on small holder farmers who lack the means and capacity to promote their production. Loan for financing farmers to enable them purchase farm inputs, machineries, dairy cows, irrigation kits, green house structures.

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Mobile Loans

A loan targeting registered institutions to finance projects, asset acquisition, construction/property purchase, motor vehicle, equipment or plant purchase etc

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Solidarity Loan

Allows groups to finance development project, Competitive interest rates, Quick approval process and Flexible Security Requirements

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Institution Loan

Targets registered institutions to finance projects, asset acquisition, Construction/property purchase, Short term cash flow management etc

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Education Loan

A facility that allows access to quality education at all levels of learning. Funds will be paid directly to the school/college.

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FAQs

Find your answers faster in our popular FAQs topics

  • What are the requirements for account opening?

    For individuals:
    • Original ID card, passport photo, PIN certificate and minimum opening balance. For Groups:
    • The group must not be less than 10 members, MUST be registered with the Ministry of social services and have a constitution, minutes on resolution to open the account For Churches/Institutions/Businesses/Corporates:
    • Certificate of Registration/Incorporation, resolution to open the account, Original ID cards, passport photos, PIN certificates of signatories, minimum opening balance and the Constitution (Churches)

  • How long does it take for a client to be funded?

    Once a client opens an account with us, he/she will be required to operate the account for at least three months. The client then can borrow. If in a group, they will undergo training for a period of 8 weeks and will be allowed to borrow.

  • What securities are acceptable to Bloom loans?

    We accept both chattels and other conventional securities.

  • I made a deposit but the money is not reflecting in my account

    Please call our Customer Care for assistance on email at info@bloomloansltd.com or call +1 917-970-1255

  • How can I join Bloom Loans?

    By visiting our website or the nearest Branch for account opening

  • Who are your target customers ?

    Any individual (young or old), organized and registered Self Help Groups, churches, institutions and corporates.