Customer

• The customer must have a cheque account that has been active for a period of at least three months;
• Must have a steady income-generating activity;
• Account opening file must be complete;
• The financial gearing of the individual must be within acceptable limits. Other existing debts in PRESMFI and other financial and MFI must be declared;
• The loan application must be duly signed;
• The purpose of the loan must be clearly stated;
• The presentation of a business plan established on a reasonable and feasible basis;
• The forecast cash-generating capacity must be able to cover loan installments;
• Profit before interest and tax must be more than the interest on a loan;
• The availability of a loan security. Mortgages must be ranked first or second;
• The project to be funded must portray good morals;
• Must have completely reimbursed all previous loans;
• Must not have a record of delinquent loans;
• Must give PRESMFI unlimited access to the accounting records of the entity.

Presmfi

• The financial situation of PRESMFI (COBAC ratios) must be capable of accommodating the loan;
• The volume of delinquent loans;
• Interest rate determined by the Board of Directors.
• The activity to be financed by the loan;

Investigate and confirm the existence of other debts in PRESMFI and other financial institutions and MFI

Customer

• The customer must have a check account that has been active for a period of at least three months;
• Must have a steady income generating activity. This is evidenced by a copy of an employment contract, pay slip and irrevocable letter of transfer of salary through PRESMFI issued by employer;
• The financial situation of the employer must not be questionable;
• Account opening file must be complete;
• The loan application must be duly signed;
• The purpose of the loan must be clearly stated;
• The loan installment must not be more than one-third of the net salary of the customer, received by PRESMFI;
• The availability of a loan security. Mortgages must be rank first or second;
• The project to be funded must portray good morals;
• Must have completely reimbursed all previous loans;
• Must not have a record of delinquent loans;
• Must give PRESMFI the right to investigate on his/her living conditions.

Presmfi

• The financial situation of PRESMFI (COBAC ratios) must be capable of accommodating the loan;
• The volume of delinquent loans;
• Interest rate determined by the Board of Directors.
• The activity to be financed by the loan;

Investigate and confirm the existence of other debts in PRESMFI and other financial institutions and MFI

Customer

• The customer must have a check account that has been active for a period of at least three months;
• Must have a steady income generating activity. This is evidenced by a copy of an employment contract, pay slip and irrevocable letter of transfer of salary through PRESMFI issued by employer;
• Account opening file must be complete;
• The loan application must be duly signed;
• The purpose of the loan must be clearly stated;
• The loan instalment must not be more than one-third of the net salary of the customer, received by PRESMFI;
• The availability of a loan security. Mortgages must be rank first or second;
• The project to be funded must portray good morals;
• Must have completely reimbursed all previous loans;
• Must not have a record of delinquent loans;
• Must give PRESMFI the right to investigate on his/her living conditions.

Presmfi

• The financial situation of PRESMFI (COBAC ratios) must be capable of accommodating the loan;
• The volume of delinquent loans;
• Interest rate determined by the Board of Directors.
• The activity to be financed by the loan;

Investigate and confirm the existence of other debts in PRESMFI and other financial institutions and MFI

Customer

• The customer must have a current account that has been active for a period of at least three months;
• The association must be duly registered;
• Account opening file must be complete;
• Debt financing must be approved as one of the funding sources of the association;
• Other existing debts in PRESMFI and other financial institutions and MFI must be declared;
• The loan application must be signed by authorized individuals;
• The purpose of the loan must be clearly stated;
• The presentation of a business plan established on reasonable and feasible basis;
• A reliable source of repayment of the loan must be identified;
• The availability of a loan security. Mortgages must be rank first or second;
• The project to be funded must portray good morals;
• Must have completely reimbursed all previous loans;
• Must not have a record of delinquent loans;
• Must give PRESMFI the right to be present in BOD meetings where issues concerning the loan and its use are discussed;
• Must give PRESMFI an unlimited access to the accounting records of the entity.

Presmfi

• The financial situation of PRESMFI (COBAC ratios) must be capable of accommodating the loan;
• The volume of delinquent loans;
• Interest rate determined by the Board of Directors.
• The activity to be financed by the loan;
• Investigate and confirm the existence of other debts in PRESMFI and other financial institutions and MFI.

Customer

• The customer must have a check account that has been active for a period of at least three months;
• Must have a steady income generating activity. This is evidenced by an irrevocable letter of transfer of pension benefits through PRESMFI issued by NSIF;
• Account opening file must be complete;
• The loan application must be duly signed;
• The purpose of the loan must be clearly stated;
• The loan installment must not be more than one-third of the pension benefits of the customer, received by PRESMFI;
• The availability of a loan security. Mortgages must be rank first or second;
• The project to be funded must portray good morals;
• Must have completely reimbursed all previous loans;
• Must not have a record of delinquent loans;
• Must give PRESMFI the right to investigate on his/her living conditions.

Presmfi

• The financial situation of PRESMFI (COBAC ratios) must be capable of accommodating the loan;
• The volume of delinquent loans;
• Interest rate determined by the Board of Directors.
• The activity to be financed by the loan;

Investigate and confirm the existence of other debts in PRESMFI and other financial institutions and MFI.

Customer

• Must be a confirmed staff with an employment contract;
• Account opening file must be complete;
• The loan application must be duly signed;
• The purpose of the loan must be clearly stated;
• The loan instalment must not be more than one-third of the net salary of the customer, received by PRESMFI;
• The availability of a loan security. Mortgages must be rank first or second;
• The project to be funded must portray good morals;
• Must have completely reimbursed all previous loans;
• Must not have a record of delinquent loans;
• Must give PRESMFI the right to investigate on his/her living conditions.

Presmfi

• The financial situation of PRESMFI (COBAC ratios) must be capable of accommodating the loan;
• The volume of delinquent loans;
• Interest rate determined by the Board of Directors.
• The activity to be financed by the loan;
• Investigate and confirm the existence of other debts in PRESMFI and other financial institutions and MFI.

E.g school fee loans, agricultural loans, Christmas festivities, Marriages, burials etc)

Eligibility

• Salaried employees of public sector, public and private companies, NGO’s, Associations Etc.
• Applicants must have a minimum net monthly savings of 25,000 Fcfa
• Be of minimum age of 21 years and maximum age of 65 years at the time of maturity of the Loan

Yearly interest rate – 10% – 15%

Duration – S-M-L

suitable for buyers and sellers

Eligibility

• Authorization to operate a business, tax payers card, CNPS registration, non-indebtedness
• Proof of residence at your current address
• Detail financial information of the customer
• Purpose of the credit line loan and financial projections of the business or contract
• The client must have an active current account with PRESMFI
• Job orders or contracts including terms of payment

Yearly interest rate – 10% – 15%

Duration – S-M-L

suitable for individuals with a regular savings account e.g employees, petty traders

Eligibility

• Salaried employees of public sector, public and private companies, NGO’s, Associations, business men and women Etc.
• Applicants must have a minimum net monthly savings  of 25,000 Fcfa

Yearly interest rate – 10% – 15%

Duration – S-M-L

suitable for event organizers, families, buyers and sellers

Eligibility

• Salaried employees of public sector, public and private companies, NGO’s, Associations Etc.
• Applicants must have a minimum net monthly savings of 25,000 Fcfa

Yearly interest rate – 10% – 15%

Duration – S-M-L

suitable for business entities including, bike riders, taxi men, barbers, hair dressers, tailors, industries

Eligibility

• Business registration, tax payers card etc
• Proof of residence at your current address
• The Facility must have a  licensed technician to manage the equipment
• Details of the equipment/suppliers details
• The facility must have an active savings and/ or current account with PRESMFI
• Individuals who wish to buy cars must have a net monthly savings of 100,000 Fcfa

Yearly interest rate – 10% – 15%

Duration – S-M-L

suitable for future home owners, factory owners, fixed installations etc

Eligibility

• Salaried employees of public sector, public and private limited companies, NGO’s, Associations, mission bodies, and small business owners Etc.
• Minimum net monthly savings of 50,000 Fcfa
• Minimum age of 25 years and maximum age of 50 years at the time of maturity of the Loan
• Must have an active Savings and/or Current account with PRESMFI
• Tenancy agreement or building permit as proof of address

Yearly interest rate – 10% – 15%

Duration – S-M-L

suitable for salary earners and petty traders

Yearly interest rate – 10% – 15%

Duration – S-M-L

To safe keep valuable possessions like passbook, cheque books

Eligibility

• Is accessible to account and non-account holders

Yearly interest rate – vary from 2,500

Duration – M-L

Eligibility

• Insurance cover

Yearly interest rate – 10% – 15%

Duration – S-M-L