Group Loan checklist

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Group loan checklist A good group business and group loan on MYC4 system must include the information below about the group and business:

BUSINESS SECTION Business Name Telephone Net Monthly Income Postal Address Avatar

Location Year of operation Number of employees

Business Background Investment objective

Primary Industry Primary Function

Provider Reference Number LOAN SECTION Loan amount Security/Collateral Product Grace Period Payback Period Bidding Period APPLICANT DETAILS Name Age Gender Marital Status Number of dependants Relationship to Business Identity type and Number

This is the name of the group. (Group Name) This is the telephone contact of the group. Usually the key contact person of the group. e.g Group chair or secretary This is the net monthly income of the group after all deductions. This is the postal address of the group, or its location This is a resent picture of the group members and their group activities or place of business. Must be in: bmp, .gif, .jpg, .jpeg, .png) This is the location where the group is situated This is the year that the group was formed This is the number of employees that group has. Take into account the number of female employees and employees with higher education. This is a brief history of the group. Must be between 200-400 characters This is brief description of how the group members intend to use the loan so as to improve on their business and generate more income. 200-350 characters The industry specifies what trade the group does. If the group has other business include it at the secondary industry area Indicates the function under which your industry may fall under. If the group has other business include it at the secondary function area This is the number that you use within your organization to chronicle the loans. This is the loan amount that the group is requesting. Must be in € This is the collateral you have acquired from the group in order to give the loan These are the products that you have already created in the system. This is the grace period offered to a loan under a product before the group can start making the repayments This is the duration to which the loan under a product should be paid back This is the duration that a loan under a product can be open in the platform for bidding Full names of the group leaders.( Chairperson, treasure etc) Give information of at least 2 key individuals of the group The date the group member was born. DD/MM/YY The gender of the group member. Male or Female The marital status of the group member. Single, Married etc The number of dependants the group member has The relationship of the group member to the business. I.e Majority owner, shareholder etc The identification identity type and the number of the group member. Eg Passport, National ID, Driving License etc