Simple application, fast approval, fair rates — no collateral required. GroMon's collateral-free loans are available to members with a good savings history, based on your cooperative activity and balance, up to ₦5,000,000.
From application to funds in your wallet.
Stay active in the cooperative — this is what your loan is assessed against.
Submit a loan application from the app or via USSD.
Your application is assessed against your cooperative activity and balance.
Approved loans are typically processed within 24–48 hours for active members, straight to your wallet or bank account.
Built for members who already save with the cooperative.
Can't find what you need? Email gromonresourcesmanagers@gmail.com or call 08035745461.
No. Collateral-free loans are available to members with a good savings history, based on your cooperative activity and balance.
Loan amounts are assessed individually and are currently available up to ₦5,000,000, subject to your cooperative activity and balance.
Applications are typically processed within 24–48 hours for active members.
Repayment terms are shown at the point of application before you accept the loan. Contact support if you need the specifics for your account.
Other ways to save, borrow and grow with GroMon.
Apply from the app, or dial *7006*20*174# — active members hear back within 24–48 hours.