Q: Are there any collateral requirements? A: Collateral requirements are taken out, but a guarantor can be necessary. ten% with the applicant’s salary shall be deducted at source by any employer for the repayment on the loan. And If they're self-employed, they will remit 10% of their total month to https://africred.org/Jollof-Rice-and-Genius-Minds-A-Study-Abroad-Nigerian-Story