MOWN-CMS MICROFINANCE

1. MOWN-CMS-LOW INTEREST LOAN
Features:
- Register with MOWN-CMS as a member
- Choose your voluntary savings category
- Start saving money daily, weekly or monthly
- Access Micro-loan after 6 months of active daily or weekly saving At One-Off 2-5% Management + 2-5%/Month Interest Rate + Processing Fees in accordance with your voluntary savings category And 2 Financial Members As Guarantors.
- Continue with your daily or weekly saving
- Start making easy daily or weekly Micro-loan repayment
- Repeat the cycle over and over again while maintaining your savings culture

2. MOWN-CMS-QUICKCASH
Features:
- Up to N500,000 Can Be Accessed
- Collateralized by Asset(s) or Guarantors.
- Available To Salary Earners or Business Owners
- Capacity to repay must be seen from Obligor and Guarantors
- Maximum Loan Repayment Period Is 12 Months
- Easy daily or weekly Micro-loan repayment

3. MOWN-CMS-Group Savings & Loans Scheme:
- Group of a minimum of 5 and maximum of 20 members
- Register with MOWN-CMS as a group having a chairman, secretary, and treasurer
- Choose your group voluntary savings category
- Start saving money daily or weekly
- Access Micro-loan for your group after 6 months of active daily or weekly saving in accordance with your voluntary savings category
- Continue with your group daily or weekly voluntary saving
- Start making easy daily or weekly Micro-loan repayment
- Repeat the cycle over and over again while maintaining your savings culture

LOAN EVALUATION DOCUMENTS
- Duly Executed MOWN-CMS-KYC Form
- Duly Filled MOWN-CMS-Loan Application Form
- 2 Duly Completed MOWN-CMS-Personal Guarantee Forms
- Letter Of Introduction (From Office, Biz Associates or Group)
- Applicant & Guarantors Passport Photographs (8 Each)
- Applicant & Guarantors Blank Cheques
- Applicant & Guarantors Form Of Valid Id.
- Applicant & Guarantors Acceptable Utility Bill.
- Applicant & Guarantors Rent Or Home Ownership Receipt.
- Direct Credit Instruction (Salaried Applicants)
- Cooperative,Official Work Or Business ID

FEES AND OTHER REQUIREMENTS
- Relevant MOWN-CMS-Yearly Membership
- MOWN-CMS 6 Months Voluntary Savings of At Least 30% Of Loan Sought
- One-Off 2-5% Management + Processing Fees Apply
- Interest Rate is 0 -5%

OTHER CURRENT & UP COMING SCHEMES INCLUDE:
- MOWN-CMS Land Acquisition Scheme
- MOWN-CMS Home Acquisition Scheme
- MOWN-CMS Salary Advance Scheme (Revolving)
- MOWN-CMS Salary Advance Scheme (Quick Cash)
- MOWN-CMS Basic Education Support Scheme
- MOWN-CMS Micro-Insurance Scheme
- MOWN-CMS Capital & Money Market Investment Scheme
- MOWN-CMS Solar Products Acquisition Scheme
- MOWN-CMS Micro-Business Start-Up Scheme
- MOWN-CMS Basic Skill Acquisition Scheme
- MOWN-CMS Basic Asset Acquisition Scheme


Man O War Nigeria Cooperative
Multipurpose Society (MOWN-CMS)
Office Address & Contact Numbers:
National Command HQ, Rd. 112,mosque str.
house 13,supreme court quarters.
FHE Karu Abuja.
email: mowncms@mowyei.org
tel: +2348185000488
whatsapp: +2348185000488

Man O War Nigeria Cooperative
Multipurpose Society (MOWN-CMS)
…..sustainable empowerment