One of the biggest challenges SMEs face is access to capital. Most of them cannot afford the high interest rates on loans from banks. But, not anymore. Absa Ghana has launched an Absa SME Loan at 10% interest rate.
Qualifying SMEs
1. Women-owned SMEs
2. Youth entrepreneurs
3. Fintechs
4. Agribusiness
Qualified businesses can take up to GHS 1m without collateral.
Absa delivers collateral-free loans in 48hours.
For amounts above GHS 1m, collateral is required.
All businesses must have account with Absa and should have operated account for minimum 3months.