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