Solutions

Savings

  1. Voluntary Savings: ZGPEI teaches her customers to build a mindset of saving for the future. We have various kinds of savings designed to suite our clients,without stress,which motivate them to willingly save for the future and for specific project(s) includingchildren’s school fees and among other personal purposes.
  2. Mandatory Savings: ZGPEI believes in saving for the next generation and even saving when paying back the loan facility accessed by our customers to give them an edge that they can one day have accessible money which can help improve their businesses after they have finished paying their loans. These savings are mandatorily paid along with our loans.
  3. Ajo Savings (Daily savings): ZGPEI believes that savings have to be a culture. We encourage customers to save on a daily basis and such funds can be accessedanytime a customer is in need of the money. We send our staff to these customers to collect as low as ₦200 (or any other favourable amount to our clients) on a daily basis making it easy and flexible for our clients to save.We always keep our word by making savings easy, interesting and available for our customers.
  4. Fixed Deposit (term deposit): ZGPEI provides a platform where our customers can keep their money for a definite period of time (spanning from 3 months to 1 year and beyond) and accrue interest on the money. This platform has been beneficial to a lot of our customers where they don’t have to pay for VAT and other charges observed in commercial banks. All you do is cash out with interest at the stipulated time.
  5. Food on the table: This savings platform gives our clients the opportunity to access products like foodstuffs, generators, refrigerators, televisions, kitchen utensils among other items. Our customers save for these items. The savings are flexible and easy (according to our customers’ abilities) with no accrued interest at the end of savings. This usually runs for 3 to 6 months maximum. The requested items are then purchased and delivered to the designated customer’s doorstep.
  6. Investors Savings: ZGPEI also provides a platform to become an investor in the company. A client invests for a period of time and gets highly attractive interest, as much as 2.5%, on investment (terms and condition applies).

Loans

  1. Daily Loan: This product is designed to operate on an individual or group methodology. It is tailored to assist our customers involved in daily trade (a trade that yield daily income). This loan product helps to improve and increase sales for our customers on a daily basics and it is flexible.
    Features
    • Facility range: N10,000 (minimum) to N200,000 (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.
  2. 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.
  3. Monthly Loan: ZGPEI has a designed loan facility to assist SMEs and micro-entrepreneurs to help them generate additional income and grow their businesses to a magnificent level with affordable interest rate. This loan ranges from 50,000 to 5,000,000 which is payable on a monthly basis over a period of 1 to 6 months.
    Features
    • Facility amount up to N5,000,000
    • Methodology: Individual
    • Duration: 6 months

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

    Documentation
    • Loan application letter
    • Duly completed application form
    • 2 guarantors
    • 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.
    • Current utility bill
    • 4 recent passport-size photographs
  4. 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.
  5. 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.