Target Beneficiaries

• Pensioners under PENCOM or private schemes
• Retirees receiving programmed withdrawals
• Individuals with verified monthly annuity income
• Beneficiaries of structured trust or endowment payouts

Loan Features

Feature	Description
Loan Amount	₦50,000 - ₦5,000,000
Tenor	3-12 months
Interest Rate	Preferential rate for verified annuity holders
Repayment Mode	Monthly deduction from annuity or pension account
Collateral	Income verification and annuity assignment letter
Processing Time	48-72 hours after documentation

Eligibility Criteria

• Valid ID and pension/annuity documentation
• Bank statement showing consistent monthly inflow
• Letter of consent to deduct repayment from income source
• Guarantor (optional, based on risk profile)
• Must not have active loan default with any financial institution

Use of Funds

• Medical expenses and wellness support
• Home repairs or upgrades
• Family support and education
• Small business or cooperative investment
• Emergency needs

Support & Monitoring

• Dedicated relationship officer for retirees
• SMS reminders and WhatsApp support
• Option to restructure loan if income changes
• Annual financial literacy sessions for pensioners

Social Impact

• Promotes dignity and financial independence for retirees/senior citizens
• Reduces reliance on informal borrowing
• Encourages responsible credit use among older adults
• Supports intergenerational stability and planning
• Emergency needs