OUR OFFERINGS AS PRODUCTS, SERVICES

 

 

Deposit Products

Shongom Target Savings (STS)

Shongom Saving Account (SSA)

Shongom Group Account (SGA)

Shongom Catch Them Young (SCTY)

Shongom Apprentice Support Scheme (SASS)

• Loan Products

Shongom Salary Advance

Shongom LPO Financing

Shongom Transportation Support Scheme

Shongom Temporary Overdraft

Shongom Assets Acquisition Scheme

• Other Accounts

Shongom Corporate and Sole Proprietorship Account

Shongom Hole Pilgrimage Account

ShongomMicro Housing Scheme

Shongom Micro Insurance Scheme

• Discription

Shongom Micro-wealth Savings (SMS)

The product is designed for traders especially market women, artisans, cooperatives and other self- employed individuals.

Features:

• A minimum tenor of three (3) months daily savings without withdrawal.
• Fixed minimum daily contribution.
• Two (2) % higher than the prevailing interest rate.

Can also serve as collateral for loan

Shongom Target Savings (STS)

The product is designed for target savers aiming to save for a purpose such as school fees, rent or vacation.

Features:

• A minimum tenor of six (6) months daily, weekly or monthly savings without withdrawal.
• Five (5) % higher than the prevailing interest rate.
• Can also serve as collateral for loan.
• Eligible for quarterly Promos

Shongom Savings Account (SSA)

Designed to encourage saving cultural.

Features:

• Minimum account opening of 500Naira
• Interest rate of 2% per annum
• Access to loan