LINE OF CREDIT

A line of credit in MIFOS is a flexible financial product that allows borrowers to access funds up to a specified limit. It enables clients to withdraw, repay, and borrow again as needed, providing financial agility. MIFOS supports customizable terms, such as interest rates and repayment schedules, ensuring that organizations can tailor offerings to client needs.

This product is particularly beneficial for individuals or small businesses requiring ongoing access to funds for varied expenses, promoting financial inclusion and stability.