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.
Solutions for small & growing businesses
Commercial Loans
Micro Savings for Members
we are trusted by more than 699,412 members
Grooming Centre CSR
Our CSR Mandate
Community Development
Healthcare for All
Education
A quick & transparent process
We have a simple application procedure
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Special Products
Micro Loans & Micro Savings.
We offer the best Solutions for your business.
16
Years in Existence
644 K+
Active Loanees
699 K+
Members
603
Branches
Tailored to Meet your Needs
Digital Experience Hub.
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.
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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 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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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 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 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).
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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.