Project Loans
Finance Your Business Growth or Personal Projects
WDPCCU’s Project Loan provides affordable financing for entrepreneurs, artisans, and professionals to start or expand their ventures. Whether you need equipment, inventory, or working capital, we offer tailored repayment plans to match your cash flow.
Key Benefits:
✅ Higher Loan Amounts – ¢5,000 to ¢200,000
✅ Competitive Rates – Starting at 14% p.a.
✅ Flexible Terms – 6 months to 5 years
✅ Business Support – Free advisory services
✅ Collateral Options – Savings, assets, or guarantors accepted
Loan Features
1. Eligible Projects
| Category | Examples |
|---|---|
| Business Startup | Shops, salons, workshops |
| Expansion | Equipment, additional locations |
| Agriculture | Farm inputs, processing machines |
| Professional | Tools, certification fees |
| Home Projects | Renovations, construction |
2. Loan Terms
| Loan Amount | ¢5,000 – ¢200,000 |
| Repayment Period | 6 months – 5 years |
| Interest Rate | 14% – 20% (based on collateral) |
| Grace Period | Up to 6 months (case-by-case) |
3. Disbursement Options
💰 Lump sum or staged payments
🏦 Direct to supplier (for equipment purchases)
📱 Mobile money/bank transfer
How to Apply
1. Prepare Documents
- Business registration (if applicable)
- Project cost estimates
- 6-month bank statements (or Susu records)
- Collateral details
2. Submit Application
📲 Online: Via WDPCCU Business Hub
🏢 In-Person: Meet with a loan officer
📞 Agent Network: Apply through certified partners
3. Approval & Disbursement
⏱️ 5-7 business days for complete applications
📊 Receive business mentoring upon approval
Who Qualifies?
✔ WDPCU members for 12+ months
✔ Business plan (for loans >¢20,000)
✔ Proof of income/experience in the field
✔ Collateral (Savings, assets, or guarantors)
Startups welcome! We offer business plan coaching for first-time entrepreneurs.
Why Borrow from WDPCU?
🔹 Local Understanding – We know Ghanaian market realities
🔹 Growth Support – Free workshops on marketing & finance
🔹 Refinancing Options – Upgrade loans as your business grows
Comparison:
| WDPCU | Banks | Microfinance | |
|---|---|---|---|
| Interest | 14-20% | 22-30% | 30-50% |
| Approval Time | 5-7 days | 2-4 weeks | 1-3 days |
| Business Training | Free | Paid | None |
Success Stories
Kofi’s Metal Workshop
- Borrowed: ¢25,000
- Purchased: Welding machines
- Result: 300% income increase in 18 months
Esi’s Catering Business
- Loan: ¢12,000
- Used For: Commercial oven & branding
- Outcome: Won 3 corporate contracts
Frequently Asked Questions
Q: Can I get a loan without collateral?
A: Yes! Use your savings balance or group guarantee (for cooperatives).
Q: What if my project gets delayed?
A: We offer repayment adjustments with revised timelines.
Q: Are agricultural projects eligible?
A: Yes! Special terms for farming/fishing seasons.
Q: Can I pay extra to reduce interest?
A: Yes! Early repayment discounts available.