Development Loan

A medium-term investment loan designed to support SSHIA members in financing professional development, business ventures, health informatics projects, and capacity-building initiatives. The Development Loan empowers members to invest in their careers and enterprises, contributing to the broader growth of the health informatics sector in South Sudan. Larger loan amounts are available to members with a strong contribution history and demonstrated repayment capacity.

per annum (reducing balance)

Interest Rate

£1,000 - £50,000

Amount Range

6-36

Months Term

Product Details

Interest Rate

per annum (reducing balance)

Reducing balance

Loan Amount

£1,000 - £50,000

SSD

Repayment Term

6 - 36 months

Processing Fee

0.00 SSD

Requirements

Minimum 6 months of membership

Minimum contribution balance: 0.00 SSD

Guarantor required (minimum 1)

Terms & Conditions

1. Applicant must be an active SSHIA member in good standing for a minimum of 6 months. 2. A detailed loan purpose statement and repayment plan must be submitted with the application. 3. Loans above SSD 20,000 require at least one guarantor who is also an active SSHIA member. 4. Repayment commences within 30 days of disbursement on a monthly instalment basis. 5. Early repayment is permitted without penalty. 6. The loan may be used for professional development, health informatics projects, or approved business purposes only. 7. Misuse of loan funds for purposes other than stated in the application may result in immediate recall of the outstanding balance. 8. All loan applications are subject to approval by the SSHIA Finance Committee and Board of Directors for amounts exceeding SSD 25,000.

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Quick Info

Currency SSD

Interest Type Reducing balance

Late Payment Fee 3.00

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