Designed for cooperatives, trade groups and community associations, this financing harnesses the strength of the group. Members access Sharia-compliant funds (typically through Murabaha) backed by joint guarantee, making finance reachable for those who may not qualify individually — building businesses and communities together.
Key Features
- Non-interest group financing (Murabaha) with shared guarantee
- Easier access for members without individual collateral
- Builds savings discipline and credit history within the group
- Flexible, group-friendly repayment cycles
- Capacity-building and financial guidance for groups
- Ideal for women's groups, artisans and trade associations
Eligibility / Requirements
- A registered or recognised cooperative or group
- Valid means of identification for all members
- Bank Verification Number (BVN) for members
- Group constitution and list of office holders
- Group savings account with Quantum MFB
How to Apply
Have your group leader visit any branch or call 0903 495 5555 to arrange a group onboarding session.
[DRAFT — rates/fees pending client tariff schedule]