Many business owners think they cannot qualify for a loan. In most cases, they simply do not know what lenders are looking for. This guide walks you through exactly what you need.
Every loan application in Ghana requires proof of identity. A Ghana Card is the preferred document. Make sure yours is current and the address on it is up to date.
This can be as simple as photos of your shop, your trading location or your stock. For larger loans, a business operating permit or registration helps. TruCredit works with informal businesses too.
For the Tru Express Loan and Tru Booster Loan, a guarantor is required. This is someone who knows you and vouches for your character and ability to repay. They do not need to be wealthy, but they must be trustworthy.
A recent water or electricity bill shows your address and demonstrates stability. If you do not receive bills in your name, a landlord letter or similar document can work.
Do not exaggerate your income or hide your debts. Lenders like TruCredit appreciate honesty. If you have had difficulties repaying loans in the past, explain what happened and what has changed. Transparency builds trust.
Ready to grow your business?
Speak to a TruCredit advisor today about the right loan for your situation.