Business & Institutional Investment Plus (B.I.I.P.)

Target customers: Micro, small and medium businesses

Features & Benefits

• Eligibility requirements: existing customers - churches, NGOs, Companies
• KYC Documentation: for Micro, small and medium businesses, companies, NGOs and Churches:
• Open a B.I.I.P. account
• Initial deposit of GHS500
• Monthly contribution of GHS100 or more
• Eligibility requirements: Public/Private Institutions:
• Public/Private/NGOs
• Letter of intent to open a B.I.I.P. account
• Initial deposit of GHS10,000
• Mandate

Penalty

• Where investment is broken mid-term, there will be penal charge on interest earned.
• Banks’ standard KYC policy
• Public/Private Institutions:
• Letter of intent
• Mandate