INSIDE FIRST ALLIED
  about fasl
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  Our History
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  Mission & Vision
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  core values
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  The Management
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Board Of Directors
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  SME BANKING

Small and Medium Enterprises (SMEs) are critical for the economic and social development of a developing economy like Ghana. SMEs play a major role in creating jobs and generating income for low income people; they foster economic growth, social stability, and contribute to the development of a dynamic private sector. However, access to finance remains a key challenge to this sector in spite of its contribution to the economy. This is where First Allied has distinguished itself over the years as a reliable financial partner. At First Allied, we offer carefully designed loan products to meet specific needs of our customers in the SME sector. Our products include:

 

Golden Susu

  • This is a passbook daily savings programme designed to assist micro/small-scale entrepreneurs to expand their businesses.
  • Contributors may, after contributing for an agreed number of days, be eligible for loans.
  • Repayment of the loan is made through a flexible repayment package covering a period of between six and twelve months.

Super Golden Susu

  • This is a specially designed savings and loans product for customers who have reached the maximum Golden Susu Loan Amount and new entrants who can save for an agreed number of days.

Community Lending (Group Loan Scheme)

  • This is a band group savings and Loans programme designed to meet the banking needs of customers.
  • Individual members of the group are required to make minimum weekly savings for four weeks.
  • Customers are granted flexible terms to pay off loans granted under this scheme.

Commercial Loan

  • The facility is targeted at individuals who wish to expand their businesses and may be utilized to meet cash flow needs.
  • It is available to anybody with an existing account relationship with First Allied.
  • It offers substantial loan sizes at a very competitive interest rate.

Equipment Financing Scheme

  • TThe facility exists to meet medium range equipment needs of joineries, machinist, etc.
  • Under this scheme, customers are encouraged to save up to a minimum of 20% of the cost of the equipment, whilst First Allied covers up the remaining balance.
  • Customers are then given flexible terms of repayment.
  • Under this scheme loans are given out at a very competitive rate.

Gospel loan

  • Gospel loan is meant to aid churches in their development projects. This facility may be accessed by churches for the purpose of building churches, procuring equipment, furnishing, etc.
  • The facility also carries very attractive and flexible repayment terms.

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