GIG CFI members may also have a need to borrow as a group.
We often limit our ability to raise finance, when we only look to only ourselves. We all have an extended friendship circle and community around us. When we work together, the burden is lifted and we tend to accomplish more.
Raising R300 000 to buy a franchise might be difficult for a single person, but for a group of 10 people, this becomes much easier. A Group Loans facility can help a group of members to borrow individual amounts that make up the greater group loan.
Group loans could be interest free or interest bearing term loans or a combination of both.
© GIG Financial Services Co-Operative Ltd 2015/002508/24