Loan – Tasued MicroFinance Bank


TASUED Microfinance business loans are small loans provided to entrepreneurs and small businesses that lack access to traditional banking services. These loans are typically offered by Microfinance Institutions (MFIs) and are designed to help businesses grow and become financially stable. The loans are usually small in amount, ranging from a few hundred to a few thousand Naira, and are often provided without the need for collateral. Microfinance aims to support economic development and reduce poverty by enabling small business owners to invest in their operations and improve their livelihoods.


TASUED Microfinance banks offer education loans designed to support both parents and educational institutions. These loans help parents cover school-related expenses such as tuition fees, uniforms, books, and transportation. For school proprietors, the loans can be used to improve facilities, expand classrooms, and purchase necessary equipment. Typically, these loans have flexible repayment structures and low-interest rates, making them accessible to a wider range of people. They aim to enhance the quality of education by ensuring that financial constraints do not hinder educational opportunities.


Microfinance banks offer personal loans to individuals who typically do not have access to traditional banking services. These loans are designed to help low-income individuals or small business owners who need financial assistance but may not qualify for conventional loans due to lack of collateral or credit history. Key Features of Microfinance Personal Loans: Small Loan Amounts: Loans can range from as little as N20,000 to several thousand naira.  Flexible Repayment Terms: Repayment plans are often tailored to the borrower’s income and ability to pay.  Low Interest Rates: Interest rates are generally lower than those charged by informal lenders.  Additional Services: Many microfinance institutions also offer savings accounts, insurance products, and financial education. These loans aim to empower individuals by providing them with the financial resources needed to improve their livelihoods and achieve economic self-sufficiency.