How do I qualify for a business loan?

Eligibility is based on your contribution consistency. Monitor your 'Loan Eligibility Progress' bar on your dashboard; once you hit your savings milestone, you can request funding.

What are the repayment terms?

Repayments are structured weekly to ensure business cash flow remains stable. You can settle payments directly via the 'Repay Loan' button on your dashboard.

Is there a penalty for late payments?

Yes. To protect the collective fund of all members, a daily penalty of 0.15% is applied to overdue balances until they are settled.

How secure are my contributions?

As a registered Multi-Purpose Cooperative Society, all funds are managed under strict regulatory guidelines and visible through your real-time transaction history.

Friends Money

FRIENDS MONEY

Simple and Flexible Financial Support

Friends Money is a general financial support system designed for all members of the cooperative. It provides easy access to funds to meet personal needs, business goals, or urgent financial situations.

How It Works

Members can request funds based on their eligibility and contribution level. Once approved, the funds are made available for use according to the member’s needs. Repayment is structured in a convenient and manageable way.

Why Choose Friends Money

Open to all active members

Flexible usage for personal or business needs

Simple and accessible process

Supports financial stability and growth

Who Can Access

Active members of the cooperative

Members with consistent contributions

Members who meet the required conditions

What You Gain

Quick financial support when needed

Freedom to use funds based on your priority

Improved financial balance and stability

Access to continuous support as you grow

Repayment

Repayment is planned to be convenient and achievable, helping members stay financially stable while meeting their obligations.

Move Forward with Confidence

Friends Money is here to support your everyday financial needs and help you stay in control of your finances.

Friends Money

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