Daily Loan:

Group Loan:

This loan can only be accessed in a group formation which is coordinated by a group leader and secretary. It is designed to meet the needs of the group and helps to improve micro-entrepreneurship. This enables these entrepreneurs to generate additional income, build assets and become self reliant on a bigger scale. This loan ranges from 10,000 to 300,000.
Features

• Facility range: N10,000 (minimum) to N300,000 (maximum)
• Methodology: Individual lending and group liability
• Duration: 23 days
• Charitable Trusts
• Grace period: 1 day
• Repayment frequency: daily
• Clients must belong to a union for group loan

Benefits

• No collateral
• Access to funds for business expansion
• Flexible repayment structure
• Training on basic financial management, business planning and customer relations
• Low interest rate
• Expert financial advice available

Documentation

• Duly completed application form
• 1 guarantor
• 2 recent passport-size photographs
• Current electricity bill
• A valid means of identification (national identity card, driver's license, voter's card or international passport) or ZGPEI identity card in the absence of valid identity card.

Monthly Loan:

Festival Loan:

This is a daily loan that can only be accessed during festive periods and it have low interest of 3.9% to be payable for 30days. Amount can range from 10,000 to 200,000.
Features

• Facility range: N10,000 (minimum) to N200,000 (maximum)
• Methodology: Individual lending and group liability
• Duration: 30 days
• Charitable Trusts
• Grace period: 1 day
• Repayment frequency: daily
• Clients must belong to a union for group loan

Benefits

• No collateral
• Access to funds for business expansion
• Flexible repayment structure
• Training on basic financial management, business planning and customer relations
• Low interest rate
• Expert financial advice available

Documentation

• Duly completed application form
• 1 guarantor
• 2 recent passport-size photographs
• Current electricity bill
• A valid means of identification (national identity card, driver's license, voter's card or international passport) or ZGPEI identity card in the absence of valid identity card.

Product Loan:

ZGPEI launched product loans in the year 2020 with Sun King energy to provide a solar system targeted to tackle the present epileptic power situation in the country. This enable clients to access a range of affordable solar lighting products as well as solar powered fans. Clients can also access O-Gas products in with this loan package.

ASSET LOAN:

1. ASSET AS THE NAME IMPLIES IS A LOAN THAT ASSISTS EXISTING CUSTOMERS OF ZENITHGOLD PROGRESSIVE EMPOWERMENT INITIATIVE TO ACQUIRE ASSET OF THEIR OWN; LIKE FRIDGE, GENERATOR, COOKING POT, TELEVISION, GAS ETC. THAT WILL FURTHER ENHANCE THE PRODUCTIVITY OF THEIR ENTREPRISE.

   FEATURES:

2. FACILITY RANGE: #20,000(MINIMUM) TO #300,000 (MAXIMUM)
3. METHODOLOGY: INDIVIDUAL AND GROUP
4. DURATION: 6 MONTHS (24 WEEKS)
5. GRACE PERIOD: 1 MONTHS (1 WEEK)
6.                                
7. BENEFITS:
8. NO COLLATERAL
9. QUICK ACCESS TO FUNDS FOR THE PURCHASE OF BUSINEES/HOUSEHOLD ASSETS
10. FELIXIBLE REPAYMENT STRUCTURE
11. LOW INTEREST RATE
12. EXPERT FINANCIAL ADVICE AVAILABLE

13.   DOCUMENTATION:

14. SAVINGS ACCOUNT WITH ZENITHGOLD PEI
15. DULY COMPLETED APPLICATION FORM
16. 1 GUARANTOR
17. 2 RECENT PASSPORT-SIZE PHOTOGRAPHS
18. CURRENT UTILITY BILL
19.  A VALID MEANS OF ID (NATIONAL ID, DRIVER’S LICENSE, VOTER’S CARD OR INTERNATIONAL PASSPORT) OR ZENITHGOLD ID CARD