6 Documents required to contract loan from Credit union Cameroon

Six Documents required to contract loan from Credit union Cameroon

Documents required to contract loan from Credit union Cameroon
Loan in in Credit union Cameroon

Credit unions in Cameroon today have made it easier for business members to Finance their Projects with low interest rate loans as long as Members meet some requirements and present their valid documents.  Good example is Ashong Cooperative Credit union Cameroon


Today I share with you documents you need to present to a credit union before getting a loan. Even if you are a member or a group, you are always required to submit the documents below.


Documents required to obtain loan from Credit union

I will list them below


  1. Photocopy of ID cards

  2. Business plan including Financial statement

  3. Three Months sales records

  4. Collateral ( land titles)

  5. Personal Income statement

  6. Loan Policy


As soon as all the documents required are handy, move to your Credit union and request a Loan. 

After review of your documents, loan shall be granted.


Conclusion

The above documents required to get a loan might differ in some Credit unions and it also depends on the type of loan you are looking for.


Thanks for reading, if you have any questions, Comment I will do my best to answer you, please also share this article.


Also read: Njangi Finance and how it works in Cameroon

Previous Post Next Post

Contact Form