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Annual Report 2014
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SOLIDARITY GROUP LOAN
Solidarity Group Loan (SGL) is designed to help clients run and grow their micro and small businesses. Target clients are those who currently operate a small business and require up to three million riels (or $750) for working capital or acquisition of fixed assets. Since interest and principal repayment of loans is done on a monthly basis, SGL is specifically designed for clients with steady monthly incomes.
Prospective clients are encouraged to form joint-liability groups of 2-7 members among their community members with similar needs and apply for an SGL.
Currency Loan Size Interest Rate Loan Term
KHR up to 3,000,000 2.8% - 3.5% 3 – 18 months
USD up to 750 2.8% - 3.5% 3 – 18 months
THB up to 30,000 2.8% - 3.5% 3 – 18 months
Advantages
TPC’s Solidarity Group Loan offers clients a number of key benefits, including:
- No requirement of physical collateral
- Convenient option to apply for and repay loan at nearest TPC office or at your business site
- A reasonable interest rate, calculated based on outstanding balance
- Flexible loan terms and repayment plan that adapt to your personal or business need
- Easy and flexible group formation
- No loan fees charged.
Contact Information
To apply for TPC’s Solidarity Group Loan, follow these simple steps:
- Talk to a TPC staff member or any TPC Group Leader in your area
- Create or adhere to a joint-liability group ranging from 2 to 7 members
- Request a specific amount and term based on your group’s needs
- Agree to the loan term & conditions.
Head Office
#666B, Street 271, Sangkat Phsar Daeum Thkov, Khan Chamkar Mon, Phnom Penh, Cambodia
Tel: (+855) 23 220 641 / Fax: (+855) 23 220 642
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