About PEP

A special group loan scheme of women and female customers of the bank. It provides opportunity for spouse/relative of officers of Nigeria prison service to exhibit their potential and enjoy financial stability in businesses. Customers are encouraged to independently for themselves into a group of five to twenty members of access business empowerment micro loan under PEP. Repayment is weekly for 24 weeks and interest is 3% per month.

Eligibility and Procedures

• Open individual current account with 2000.00.
• Open group saving account, minimum of 1000.00.
• Members must have a special skill that is economically viable..
• Members must present a serving prisons officer who must be ready to stand as guarantor.
• Each group must choose independent group name.
• Group must have two (2) nominated leaders i.e Chairperson or secretary.
• Each group must have time, place and day of weekly meeting.