-
The savings account scheme creates the opportunity to accumulate
funds and are accessible by a wide range of customers including
traders (saving for peak season businesses), parents/guardians
(For payment of School Fees) and target savers (for festivities/activities
such as Christmas, graduation, marriage etc.)FEATURES- Competitive interest rate.
- Daily/Weekly/Monthly deposits
at the account holders convenience - Allows Cheque deposits
- Chikum ATM cards provided
BENEFITS- Serves as collateral for loan facilities
- Branded gift for target savers
- Secure sanctuary for money
SAVINGS ACCOUNT SCHEME -
This is a transactional account that enables
account holders access to efficient day-to-day financial servicesCURRENT / CORPORATE ACCOUNT SCHEMEFEATURES- Use of customized cheque books
- Allows dividend warrants deposit and third party withdrawals
- Chikum ATM cards provided
BENEFITS- Access to account from all our Outlets.
- Minimum Account maintenance fee
- Eligibility for overdraft and other forms of borrowing from the
bank within record time
-
The account provides an opportunity for
investors to have funds properly managed
with high yield depending on the tenor.FIXED DEPOSIT ACCOUNT SCHEMEFEATURES- Tenor of Strict call 7, 30, 60, and 90 days
- Interest rate negotiable depending on amount and tenor
- Certificate of deposit is discountable
BENEFIT- Higher yield than regular savings
- Serves as collateral for loan facilities
- Automatic roll-over of principal and interest on maturity
-
The story behind our credit delivery is easy access to the loans at transparent & affordable cost. These loans, whose beneficiaries
are Traders, Co-operative unions, salary earners, skill acquisition centres, farmers, schools, artisans( e.g welders, vulcanizers,
tailors, etc) and non-profit organizations include Group Loans, Business loans, Personal Loans, Asset Acquisitions, Salary
Advances, Overdrafts and Local Purchase
Orders(LPOs).LOAN FACILITIESBENEFITS- Low and competitive Lending rate.
- Flexible tenors.
- Equal monthly installmental payments.
FEATURES/REQUIREMENTS- Compulsory savings/Equity contribution
- Irrevocable domiciliation of salary for salary earners
- Collateral deposits
- Third party Guarantees.
The following depends on the type and nature of facility requested: -
ELECTRONIC CHANNELS- Electronic Fund Transfers(Inward and Outward)
- In-house ATM Services
- Mobile Banking
- E-referencing
- Bulk salary remittance
- Corporate Pay
-
FINANCIAL ADVISORY SERVICESIn appreciation of our role as change
agents, our teams of experts are into
social intermediation, providing advisory
services to enable entrepreneurs set
up or expand their present scope
of economic activities.These advisory services also include trainings on
accounting records and feasibility studies to enhance
efficiency of operations.
Chikum Microfinance Bank
