CRDB Microfinance Services Ltd: MFI Fixed Deposit

MFI Fixed Deposit

Targeted Clients: All Affiliate Microfinance Institutions.

Product Benefits:

  • Affordable opening balances
  • Preferential Interest rate higher than the rate offered for normal fixed deposit accounts.
  • Choice of the tenor of the account
  • Known amount of income to be earned at the end of term
  • Can be used as collateral for different types of  loans

Account Opening Conditions: MFI should submit partnership agreement, certificate of registration, MFI’s bylaws, board resolution, two passport size photos for each signatory and the minimum account opening amount.

For more information, contact a nearest CRDB Bank branch

Last Updated: Tuesday, 01 June, 2010