Victory Vocational And Empowerment Service

 VICTORY VOCATIONAL AND EMPOWERMENT SERVICE 

VICTORY VOCATIONAL AND  EMPOWERMENT SERVICE is an Empowerment services design to help to alleviate poverty and improve the working capital of the small, and medium businesses

Victory Vocational And Empowerment Service is a subsidiary of (Abundant Victory Global Concepts Enterprises) which was registered on 8th August, 2016 with registration number (RC 2433732)

Victory Vocational Empowerment Service mission is to help Nigerians fulfil their potential by democratizing access to valuable solutions for their business and personal needs.

Victory Vocational Empowerment  Service provide a range of short to medium-term loans available for SMEs, businesses and entrepreneurs aimed at ensuring their growth and to empower group of people as well as individual which need to improve his/ her standard of living by providing soft loan to them.

Individual Loan

Victory Vocational Empowerment service provides Individual loan  for individuals who engaged in business and are not willing to join the group system (Secured Individual Borrowing). Apart from group loans, customers are able to access individual loans. This is an excellent facility for those clients who have outgrown group loan.

Business/development loans for on-going business to initiate or improve working capital. This loan is offered to individuals not from the groups.

Features

For graduating clients in business

Have a proven track record

Ability to fully secure the loan

Loan sizes range from ₦100,000 to ₦2,000,000.

Repayment period - up to 8 months

Benefits of individual loans

No weekly meetings

Flexible repayment period- up to 8 months

Flexible collateral / Security terms

Fast loan processing and disbursement

Competitive interest rate

Easy loan graduations

Business trainings and motivational talks offered for personal developments

Loan advances available at affordable interest rates

Group Lending

Victory Vocational Empowerment group loan are loan facilities designed for micro-enterprise operators, who do not have conventional collateral. These loans are usually small in size and have a short tenure to supplement collateral requirements, the loans are secured partly by cash and partly by group guarantees. To access these types of loans one has be a member of registered and unregistered groups of 5-30 members.

Group lending is where individuals borrow in the group by use of co-guarantee mechanism and any other appropriate securities accepted by the bank.

Features

Formation facilitated by wealth creation officers

Individual members must be over 18 years of age.

Minimum 5 members and maximum 30 members

Lending to solidarity groups registered under Victory Vocational Empowerment Service

Members must be willing to meet weekly

Repayment or monthly repayment for a period up to 8 months.

Group guarantee (jointly and severally liable)

Loan sizes range from ₦100,000 to ₦500,000

Members are eligible for repeat loans upon successful completion of the current loan.

Benefits

Accessible to all small and micro enterprenuers

No conventional security is required

Fast processing of loans and disbursements

Business trainings offered for personal development

Flexible repayment periods- up to 8 months

Competitive interest rates.

Note

Members are encouraged to continue with savings as well as loan repayments so that they may be able to borrow more funds in future and use their savings as security.

Members are encouraged to meet and pay their loan amounts on a weekly or monthly basis.

Members who have successfully borrowed and repaid their loan, will be able to have access to another loans.

Victory Vocational Empowerment Service charge an affordable Credit business insurance cover to settle the outstanding balance in case of death or total permanent disability.

We are also into

Estate development and management

Agriculture (plant and animal)

Transportation

Head Office Address

No 15, karimu kotun street, Victoria Island, Lagos state.

Branch Office Address;

No 4, ikwere road, opposite capital plaza, diobu, mile 1, port- Harcourt, river state.

Branch Office Address;

No 43, Musa Ilorin Plaza, Beside Sobaz Filling Station, Bosso Road, Minna, Niger State.

Branch Office Address;

No 1 Idi Oro, Along Iya oje Road, Kere, Ogbomosho, Oyo state.

Branch office Address;                                                            

No 22, Bello Daramola street, Oja Oba, Ilorin, kwara state.                                                                      

New Branch office Address;

No 55, prof - Ebes street, reservoir, by orubor junction, agbor, Delta state.

Telephone

08038743201  07065124126