Each member is required to have:  

  • Valid ID (national ID, Passport or Driver’s Licence).

  • TRN.

  • Passport size photo. Photo can be taken in branch.  

  • Proof of Address such as Utility Bill or Registered Mail (not exceeding 3 months) in applicant’s name). A site visit is required in lieu of Utility Bill or Registered Mail.

  • One (1) character Reference Letter  

  • Business must be operating for at least six (6) months. 

  • At least 50% of the group should be in a fixed location. 

  • No family member, spouse or persons living in the same household can form a group  

Group Solidarity Loan

The Group Solidarity Loan is ideal for small business operators with little or no collateral to secure a loan.  Group members are required to act as guarantors for each other.  Loan amount range from J$30,000 to J$1,000,000 per group. Each individual group member cannot borrow in excess of $250,000. 

  • Group Solidarity Loan is available to micro business owners, operating in groups.

  • Groups must consist of three (3) to six (6) individuals with group members acting as guarantor for each other.

  • Loan amounts range from J$30,000 up to J$1M.

  • Loan tenure range from three (3) months to four (4) years.

  • Businesses must be operation for at least six (6) months.

  • No collateral required.

Things you should know