- A group based product
- Formation of solidarity group (SG,s) of two (2) to four (4) individuals who are engaged in any economic activity
- The solidarity groups (SGs) are joined together to form the credit servicing with Education Association
- The size of Association Shall be a minimum p Mnaof 6 members and a maximum of 20 members
- The Association shall be managed by its own executive elected by the members themselves
- The Association shall undergo a minimum of six(6)training sessions on group management how to manage business, credit management and repayment, conflict resolution etc, saving shall be made after each training session.
- The Association shall be registered with members filling a membership registration form on which they indicate their name,income generating activities, and loan amount requested
- The Association is formally inaugurated after the sixth training session and first loan cycle,
- The repayment of the loan shall be on a weekly basis
- All members are jointly & Severally liable (both SG AN CA)