Introduction
Leverage Microfinance is a social enterprise that offers small loans to underserved entrepreneurs in Ghana.
Leverage Currently has its head office located off the Dansoman – Sakaman road, at Ave Maria junction, poultry avenue in the Greater Accra Region of Ghana.
To apply for a loan from Leverage Microfinance, you will need to fill out an online application and provide some basic information about yourself and your business.
Once your application is received, a loan officer will review your information and determine whether or not you are eligible for a loan.
If you are approved, you will be required to provide some additional documentation, such as financial statements and a business plan.
Once your loan is approved, you will be given a loan agreement that outlines the terms and conditions of your loan.
You will be required to make regular payments on your loan, and you will be charged interest on the outstanding balance.
If you are unable to make your payments on time, you may be subject to late fees or other penalties.
It is important to remember that if you default on your loan, your collateral may be seized.
That being said, it is important you know the types of loan products Leverage Microfinance offers, the right one tailored for you and how to apply for it successfully.
Without further ado, let’s get started!
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What Is Leverage Microfinance?
LEVERAGE MICROFINANCE COMPANY (LMC) is a limited liability company legally registered under the Companies Act 1963 (Act 179) of Ghana, as a non – bank financial institution.
LMC has obtained its full operating license from the Central Bank of Ghana to operate as a tier II financial institution.
What are Leverage Microfinance Loan Products?
Leverage Microfinance have Business and personal loans with varieties of loan products to choose under these two.
Below is a brief description of all the available loan products.
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Leverage Microfinance Business Loans
Working Capital Financing
To improve working capital position for enterprises to strengthen their ability to carry on trading, manufacturing, or other commercial activities in the short-term. Duration – up to 6 months.
Emergency Loans
This is designed for business men/women to forestall impending disaster from restricted cash flow, these are loans required within 24 to 52hours. Duration – up to 3 months.
Special Purpose Loans
To finance specific transactions such as supply of goods Local Purchase Orders(LPO) or short-term contracts/projects, Designed for Suppliers, General Merchants and Contractors.
Duration – up to 6 months.
Leverage Bridge Loans
While waiting for the disbursement of an approved loan or financing package from traditional banking or other source of funding, businessmen/women may avail themselves of the opportunity to utilize this facility in order not to lose time on a transaction or project.
Duration – up to 2 months.
Import/Export Finance
For the payment of freight, acquisition of packaging materials, payment of taxes and duties to facilitate quick loading/discharge of goods for export/import trade.
Duration – up to 3 months.
Susu Loans
A Trade Loan carefully designed for micro businesses clients who are already into some form of trade and wish to augment their working capital. Duration – 6months
Leverage Lever business Loans
This is a special financial assistance designed for promising and realistic business ideas, that proves to generate revenue within 2 months Duration – up to 12 months
Leverage Microfinance Personal Loans
Leverage Employee Loan
This is designed to assist salaried workers meet pressing personal financial obligations. This loan can be used for any purpose. Duration – up to 12 months.
Leverage Educational Assistance Plan (LEAP)
The LEAP comes with lower interest rates for salaried workers to ease the burden of making immediate huge lump sum payments to school and institutions for their wards or themselves. Duration – up to 12 months.
Leverage Own an Asset Loan
This is a consumer finance loan designed for individuals and small scale enterprise who aims at procuring a household item or simple tool that will aid their efficiency.
The above mentioned loan products are what an applicant gets with Leverage Microfinance.
If you’re interested in those loan products, you might want to apply for one right away. Read on to find out how to apply for Leverage Microfinance Loan.
Leverage Microfinance Loan Requirements?
An applicant of Leverage Microfinance Loan must meet the following requirements:-
- Government employee number/ ID
- 2 passport sized pictures
- National identification card
- Current three(3) months pay slip
- Must have the required affordability
Who is eligible for this Loan?
This loan is for all government workers who receive salary through Controller & Accountant Generals Department (CAGD)
Why Leverage Microfinance Loan is the best?
Of course there are a whole lots of loan companies out there, so you might be wondering why you should choose Leverage Microfinance Loan?
Well, I’ve got five reasons for you! The reasons are as follows:-
- Speed in processing
- No deposits
- No post-dated cheques
- Tenure three (3) months to thirty-six (36) months
- Minimum amount of GHS500.00 and maximum of GHS20,000.00
How to Apply for Leverage Microfinance Loan?
Leverage Microfinance offers two ways of applying for any of their loan products, they offer online and offline application.
With the offline Application, you’d have to download the loan application form, filled it up and submit it to their office…You can download the loan application form HERE!
OR
- Visit LMC office and complete the relevant application form.
Leverage Microfinance Co. Ltd. Number 3A, Poultry Farm Avenue, South Odorkor Estates – Sakaman, Off Ave Maria Junction P. O. Box DC 1343 Dansoman, Accra – Ghana.
Now, the easiest and the fastest way of applying for this loan is by the online application method.
To apply for the loan online, You must first visit this page. (CLICK HERE)
When you’re on the page, please fill in your basic information.
- Application Name (e.g Frank Osei Nyarko)
- Mobile Number (e.g 0545880700)
- Email Address (e.g [email protected])
- Postal and Residential Address
- Name of Institution (If applicable)
- Staff Number (if applicable)
- Institution GPS ADDRESS
- Application Date
- Type of Loan
- Loan Request Amount
- Loan Purpose
- Start date
- End Date
- Preferred disbursement Method (MoMo, Cheque, Or Cash)
- REQUIRED DOCUMENTS (PLEASE UPLOAD THE FOLLOWING REQUIREMENTS IF APPLICABLE)
- Passport picture
- Upload your ID card
- Valid ID card
- Upload staff ID
Please Note: All the field make with * are required.
Click on Submit to begin your loan application process.
Leverage Microfinance swift support team will call/mail you to confirm and walk you through to the next and final stage.
Leverage Microfinance Contact Information
You might want to contact Leverage Microfinance for an assistance, please do so through any of the mediums Below;
Leverage Microfinance Corporate office
+233 (0) 303933698
Leverage Microfinance General Enquiry
+233 (0) 509471928
Customer Support
+233 (0) 501665704
Email: [email protected]
Where can I locate Leverage Microfinance?
Leverage Microfinance Company Limited is situated at 54 Poultry Farm ST. South Odorkor Estates Sakaman, Off Ave Maria Junction.
Digital Address – GA-535-5272
P.O. BOX DC 1343
Leverage Microfinance Working Hours
Working hours for Leverage Microfinance is from Mondays to Fridays within the hours of 8:30am – 4:00pm
Conclusion
So that is it for today, I really hope you enjoyed our article on how to get a Business or a personal loan in Ghana with Leverage Microfinance.
If this article helped in your quest for securing a loan for your business or personal needs, sharing this article with friends and family members will be highly appreciated.
You can also share your thoughts with us through the comments section.
Thanks for reading.
