Provision of Credit Facilities

Virtue-One Global Investments Limited has carved a niche for itself in credit administration value chain. The Company’s lending business is licensed by the Lagos State Ministry of Home Affairs. The company began business in October 2014 and has up to the end of December 2018 transacted up to N6.7 billion in loan disbursements to individuals and corporate organizations.

The Company bridges the gap for short term financing needs of individuals and small and medium scale businesses who ordinarily cannot access banks facilities on a very timely basis and less cumbersome manner.

Our credit procedure and documentation are tailored to address the five C’s of credit management, viz. character, capacity, capital, condition and collateral with every client’s peculiar needs and circumstance been the focus of our processes.

We operate product-based loan types aimed at addressing the needs of our clients – mainly Small and Medium-Scale Enterprises, and these are

S/N SERVICE/PRODUCT TYPE
(i) Term loans for minimum tenure of one month and

Maximum tenure of 12 months                    TERM LOANS

(ii) Bridging loans: for

30 days

45 days

60 days

90  days

(iii) MOU (revolving credit) for cycles of

30 days

60 days

90 days

 

MOU (Memorandum of Understanding) – This is a model designed for clients with specific business needs and a unique cash flow and may not be well served under the term loan nor the Bridging loan. The model for each client differs one from another in order to meet their peculiar business needs in terms of duration for processing, disbursement, the cycle of repayment, and interest rates.

Our credit processes are guided by our approved credit policy.