ABOUT GROOMING CENTRE
Bringing Opportunities to your Doorstep
Grooming Centre is a Non-Governmental Organization with a primary aim to address the near absence of financial services to the large population of people engaged in small trading and micro productive activities in many parts in Nigeria. We are committed to promoting financial inclusion and empowering our members through the creation of innovative microproducts that changes lives.
Solutions for small & growing businesses
Commercial Loans
Micro Savings for Members
we are trusted by more than 699,412 members
Grooming Centre CSR
Our CSR Mandate
Community Development
Healthcare for All
Education
A quick & transparent process
We have a simple application procedure
Choose a Package
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Special Products
Micro Loans & Micro Savings.
We offer the best Solutions for your business.
16
Years in Existence
644 K+
Active Loanees
699 K+
Members
603
Branches
Tailored to Meet your Needs
Digital Experience Hub.
Daily Loan
The Daily Loan is designed to support the daily working capital needs of micro-small scale business owners who engage in daily trading activities with quick turnover. The Loan size ranges from a minimum of ₦10,000.00 to a maximum of ₦100,000.00 and comes with a service charge of 0.3% per day. Repayment is flexible and made in equal daily installments over a period of 50 working days.
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SME Loan
The SME Loan gives clients the opportunity to access larger credit facilities at Small & Medium Enterprise levels. The loan amount ranges from ₦500,000.00 to ₦5,000,000.00 and has a 2.5% service charge per month. Repayment is flexible and made in equal monthly installments over a maximum of 12 months loan term.
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Association Loan
The Association Loan is designed for registered Trade Association Members who are desirous of a more personalized financial service. The Loan provides opportunity for members of Trade Association to access loan Facility to meet their working capital. The Loan amount ranges from ₦100,000.00 to ₦1,000,000.00 and has a 2.5% service charge per month. Repayment is flexible and made in equal monthly installments over a maximum period of 12 months.
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Asset Loan
This loan is designed to enable clients, from the second cycle of the Small Loan, acquire productive assets, with a maximum loan size of N300, 000.00, and it has a 15% service charge. Repayment is made in equal monthly installments over a 10-month loan term.
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Green Energy Loan
The Green Energy Loan (GEL)is designed to provide clean, safe and renewable energy for homes and businesses. Clients can select a GEL ranging from ₦100,000.00 to ₦10,000,000.00, with a 27% service charge per annum, calculated on reducing balance. Repayment is flexible and can be made in equal monthly installments over a 24 months loan term.
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Festival Loan
The Festival Loan is given all year round as complementary loans to enable clients, from the second cycle of the Small Loan, increase their stock during periods of high demand. The loan size ranges from N40,000.00 to N100, 000.00 and has a 15% service charge. Repayment is made in equal monthly installments over a 6-month loan term.
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MICRORATE'S TOP RATED MFIS 2021
Superior Financial, Social and Institutional Performance.
3594 Dynamic Team
of high performing staff members.
93% Recovery Rate
Client Protection Principles certified – First MFI in Africa.