FAQ

FAQs

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  • 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.