ABOUT GROOMING CENTRE

Bringing Opportunities to your Doorstep

Grooming Centre is a Non-Governmental Organization primarily aimed at addressing the near absence of financial services for the large population engaged in small trading and micro-productive activities across many parts of Nigeria. We are committed to promoting financial inclusion and empowering our members through the creation of innovative micro-products that change lives.

01

Solutions for small & growing businesses

02

Commercial Loans

03

Micro Savings for Members

Landing side

we are trusted by more than 699,412 members

Grooming Centre CSR

Our CSR Mandate

A quick & transparent process

We have a simple application procedure

Choose a Package

Choose a customized loan package based on the amount of cash your business needs over a term length

Speak to our Agent

Speak to our agent for financial advisory benefits and for excellent decision making for your loan tenure

Get Funding Fast

Get instant credit upon review and approval of your application request by our credit officer

Special Products

Micro Loans & Micro Savings.

Quick Loan

For Public and Civil Servants to help them bridge shortfall in their finances

We offer the best Solutions for your business.

  • SME Loans
  • Individual Loans
  • Flexible in Practice
  • Cost Reducing

16

Years in Existence

644 K+

Active Loanees

699 K+

Members

603

Branches

Tailored to Meet your Needs

Digital Experience Hub.

daily loan

Daily Loan

The Daily Loan is designed to support the daily working capital needs of micro-small scale business owners engaged in daily trading activities with quick turnover. The loan size ranges from a minimum of ₦10,000.00 to a maximum of ₦100,000.00 and carries a service charge of 0.3% per day. Repayment is flexible, made in equal daily installments over a period of 50 working days.

Our agent will contact you

Get funded with Ease

sme loan

SME Loan

The SME Loan gives clients the opportunity to access larger credit facilities at Small & Medium Enterprise levels. The loan amount ranges from ₦500,000.00 to ₦5,000,000.00 and has a 2.5% service charge per month. Repayment is flexible and made in equal monthly installments over a maximum of 12 months loan term.

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association 2

Association Loan

Top Up Loan are available for clients with primary loan products (Small Loan, Daily Loan, SME Loan, or Individual Loan) can access one complementary loan product while maintaining their primary loan, as follows:

a. Clients in the Primary Group Loan Methodology (Small Loan and Daily Loan) can access either an Asset Loan or a Top-Up Loan.

b. Clients in the Individual Loan Methodology (SME Loan or Individual Loan) can access only one complementary loan, which is the Top-Up Loan.

c. Eligibility for additional loans depends on the performance of the current loan, whether primary or complementary. Non-performing loans will not qualify for additional loans.

Loan Amount: ₦1,000 minimum to ₦200,000 maximum.

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Individual 2

Asset Loan

This loan is designed to enable clients, from the second cycle of the Small Loan, acquire productive assets, with a maximum loan size of N300, 000.00, and it has a 15% service charge. Repayment is made in equal monthly installments over a 10-month loan term.

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green energy

Green Energy Loan

The Green Energy Loan (GEL)is designed to provide clean, safe and renewable energy for homes and businesses. Clients can select a GEL ranging from ₦100,000.00 to ₦10,000,000.00, with a 27% service charge per annum, calculated on reducing balance. Repayment is flexible and can be made in equal monthly installments over a 24 months loan term.

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festival

Festival Loan

The Agric Loan Product is available to farmers involved in crop production and/or animal husbandry. Farmers must own their land, and the farm must be located within the coverage area of Grooming Centre. This loan is also available to:

  • Agro-based businesses
  • Agro-allied businesses
  • Agricultural cooperatives and associations

Clients must not have any existing loan product(s) before they can be migrated to the Agricultural Equipment Loan. The minimum disbursable loan amount is ₦100,000.00 (One Hundred Thousand Naira), and the maximum disbursable loan amount is ₦10,000,000.00 (Ten Million Naira).

Our agent will contact you

Get funded with Ease

MICRORATE'S TOP RATED MFIS 2021

Superior Financial, Social and Institutional Performance.

3594 Dynamic Team

of high performing staff members.

93% Recovery Rate

Client Protection Principles certified – First MFI in Africa.

Grooming Centre