BusinessGrenada.com Issue: 6 2013 -2014 | Page 35

Business Business Business Financial Institutions Credit Unions Credit Unions Communal Co-operative Credit Union Ltd. Communal Co-operative Credit Union Ltd. H A Blaize Street H A Blaize Street Tel: [phone] Tel: [phone] Fax: [phone] Fax: [phone] Email: [email protected] Email: [email protected] Website: www.thecommunalcu.com Website: www.thecommunalcu.com GUT Credit Union GUT Credit Union St. John’s Street St. John’s Street Tel: [phone] Tel: [phone] Fax: [phone] Fax: [phone] Email:[email protected] Email:[email protected] Website: www.gutcu.com Website: www.gutcu.com • Provide small loans for all aspects • Provide small loans for all aspects of viable business. As well as Loans of viable business. As well as Loans from EC$500 to $30,000 interest from EC$500 to $30,000 interest rate range from 8.5 9% Maxi rate range from 8.5 --9% Maxi mum repayment period years mum repayment period ––44years • Must be between the ages of 21 –60 years • Must be between the ages of 21 –60 years • Must be member of the Credit Union • Must be aamember of the Credit Union • 20% Cash deposit required • 20% Cash deposit required • Technical assistance to start-ups • Technical assistance to start-ups • Financial advisory and counseling service • Financial advisory and counseling service • Flexible repayment schedule • Flexible repayment schedule • Business Management expertise available • Business Management expertise available • Up to 80% financing • Up to 80% financing • Easier access to other loans • Easier access to other loans • No minimum limit to lend • No minimum limit to lend • Interest rate 12%. All other terms • Interest rate 12%. All other terms and conditions are negotiable. and conditions are negotiable. Criteri : Must be member of the Credi Uni n. Criteriaa:Must be aamember of the Credit tUnioon. • Gain access to easy financing • Gain access to easy financing • Surplus is distributed to members as • Surplus is distributed to members as dividend dividend • Excellent member service • Excellent member service Land Loans Maximum of 10 years. Land Loans --Maximum of 10 years. Medical Loans 20% of the requested loan Medical Loans --20% of the requested loan amount held in your regular shares acco ??????????????????????????????????Y???????1?????????????????????Y???????1???????????????????????????????????????????????????????????????????!????1????????????????????????????!????1??????????????????????????????Y???????1??????????????????????Y???????1??????????????????????????????????????????????????????????????????????????????()5?????????????????????5?????????????????????)5% I=%8?5% I=%8? ????M?????M???????e? ????M?????M???????e?Q??????????????Q?????????????????????????????????????????????????????
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