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Frequently Asked Questions

  /  Loan Products

General Questions

What is the Women Enterprise Fund (WEF)?

What are the requirements for one to join/create the WEF group?

What criteria should one have to qualify for loans under Women Enterprise Fund?

What is the minimum and maximum number of members under the Women Enterprise Fund (WEF) group?

Can I be a member of two WEF groups?

How can I access the Women Enterprise Fund (WEF)?

What are the types of transactions on WEF Group?

Group Creation

What are the roles of officials under the WEF Group?

What are the roles of members under the WEF group?

What is the process of creating a group?

What are the steps for joining the group?

Approval Process

Which services require approval for them to be completed?

What happens if one of the members rejects the request while others approve?

How many approvals are required for a request to be successful?

If I have not received the random message for approval, can I approve that transaction?

Loan Request And Repayments

Can I request a loan from WEF if I have an active loan from Biashara Loan or a Personal Loan?

How do I know if my request is approved or rejected?

How do we pay for our WEF group Loan?

How do I repay my individual group loan from the WEF group?

Opting Out & Closing The Group

What are the requirements for closing the group/leaving the group?

How can we close the group?

What happens in the case where one of the officials requests to leave the group?

What are the Support Channels for WEF Fund