a. Co-operative Loans Requirements:
- An already existing Co-orperative Account with FRMFB.
- Each co-operative will be required to submit two letters at the point of loan application.
- A letter from a credible individual as guarantor for the loan stating that the Co-operative executives are well known to the guarantor and are reputable individuals.
- A letter of undertaken from the Co-operative’s executives to ensure full repayment of loan sums granted to the members of the Co–operative, otherwise each of the executives will be held liable.