Frequently Asked Questions

Register as a member of Super Rise & Shine Empowerment Foundation with an existing business as an individual or SME, which will be assessed for proper financial advice on the amount of loan accessible — determined by the value of your stock.

By registering with the Foundation either as an Individual, SME, or a Trade Association duly registered and recognised by Government.

Walk into any of our branches nearest to you to get registered. Our friendly staff will guide you through the entire onboarding process.

Yes, and it is a one-off fee paid at the time of initial registration with the Foundation.

As a member, savings starts with the repayment of a loan after registering and opening a savings account with a 10% deposit of the initial loan amount.

No collateral is required. You are required to have one or two guarantors depending on the amount of loan needed.

The minimum disbursable loan amount is ₦100,000 (One Hundred Thousand Naira).

The maximum disbursable loan amount is ₦10,000,000 (Ten Million Naira), depending on the loan product and your financial assessment.

The loan approval process takes a maximum of two weeks after all required documents are submitted. The Programme Area Credit Committee (PACC) can approve loans up to ₦1 million, while the Head Office Credit Committee (HOCC) approves loans above ₦1 million.

We offer a wide range of products including Small Loans, Quick Loans, SME Loans, Individual Loans, Daily Loans, Asset Loans, Top-Up Loans, Agricultural Equipment Loans, Solar Loans, and Institutional Loans.

Yes. A penalty interest of 2.25% of the monthly repayment amount is applied for late payments. We encourage all members to maintain timely repayment schedules.

Loan fees include: 1.5% commitment fee, 2% risk premium, and 1% administrative fee. These are standard across our loan products.

The Green Energy Loan is a clean energy initiative designed to accelerate access to renewable energy. It provides affordable funding for solar panels and other clean energy installations for homes and businesses.

Eligible applicants include salary earners, legal entities or sole traders registered under commercial law (hospitals, schools, universities, SME clusters), and agricultural/farming businesses not connected to the national electricity grid.

70% of the total asset cost is paid to the vendor before installation, and the remaining 30% is paid after installation is confirmed by the client. No cash disbursements are made directly to clients.

Farmers involved in crop production and/or animal husbandry who own their land within our coverage area. Also available to agro-based businesses, agro-allied businesses, and agricultural cooperatives.

No. Clients must not have any existing loan product before they can be migrated to the Agricultural Equipment Loan product.