Business micro loan program

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The Global Sisters Business Micro Loan Program is available for business purposes only. When applying for a business micro loan, there are a number of key documents you will be required to provide, including identification, proof of individual income and business financials. Applications for finance are subject to Global Sisters eligibility and suitability criteria and normal credit approval processes. 

To be eligible, Sisters must:

• Be over 18 years of age
• Have an existing, active Global Sisters member. Has completed at least one of the following within the last 12 months: (a) Sister School; (b) Financial Pathways Program
• Have an active ABN
• Clearly articulate the business financing need
• Demonstrate capacity to repay within the allocated loan term, without causing household financial hardship
• Provide all documentation and information requested within the loan application process
• Have an established business bank account (separate to household or personal bank account) that will be set up to manage the direct debit repayment
• If application is successful, agree to provide Global Sisters with verified visibility on credit score at both loan disbursement and at completion of loan repayment period

Business loans cannot be used for: non-business purposes including emergency relief, rent money, rent arrears, general living expenses, to pay bills such as utility expenses, debt repayments or consolidation, working capital, or someone else’s business.

Full terms and conditions, including the repayment schedule are included in the loan offer. You should consider these before making a decision to accept any financing offer.