The Large Group Credit Scheme
Groups of 11 or more Gambian Women with the following characteristics:-
üAverage annual income of not more than D 4,000;
üEngaged in a micro or small scale enterprise or planning to start one in any economic sector (agriculture, manufacturing, trading, services);
üNon-Board members of GAWFA;
üNon-Staff members of GAWFA.
üResident in a rural village or urban town.
2. What are the conditions for a Large Group loan?
The group must:-
Fbe a registered member of GAWFA, having paid a group registration fee of D200.00 and paying D50.00 annual subscription in July of every year;
Fsave regularly for a minimum of three months before qualifying to apply for a loan;
Fhave a savings balance of at least D900.00;
Fpay a group loan application fee of D50.00 and complete a large group loan application form;
Fbe guaranteed by the executive committee and the alkalo of the village.
3. How much can a large group borrow?