Equipment/Asset Purchase

Our Products & Services

Glory Microfinance Bank supports the growth and development of businesses through our Equipment/Asset Purchase financing. This product enables businesses to acquire essential equipment and assets, promoting operational efficiency and enhancing overall competitiveness.

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Prerequisites

The target clients/customers are the “economic active poor” petty traders, artisans, etc.

Items involves are refrigerators, home appliances, motorcycles, tricycle, etc.

Features and Benefits

Client must be an existing customer.

Evidence or proof of repayment must be ascertained.

Can be operated by EDC and Current account holders.

Customers can withdrawCompulsory equity contribution of 30% of the asset/equipment’s value. as much as they want

Receipt of the equipment/asset will be in the name of bank/customer.

Compulsory insurance of the asset.

Interest charges are attractive.

No hidden charges.

Available Equipment/Asset Purchase

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Call: 1.888.255.4364

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