Sovereign Micro Investment Plan (SMI-PLAN)

This plan allows selected low-income and salary earners to accumulate capital towards a given cause like House Rent, Land Purchase, Wedding ceremony, or any other laudable life event over a period of 1-3 years, depending on the targeted amount at maturity.

Features of Micro Investment Plan

  • It is a minimum one year plan.
  • Contributions can be made on a monthly basis and can be increased from time to time.
  • Minimum monthly investment of N50,000.00 (Fifty Thousand Naira).
  • Contributions can be made by transfers, standing payment orders or post-dated cheques.
  • Withdrawal before one year is allowed, subject to administrative charges and a minimum lock-in period of six months.
  • Maturity value can be re-invested/rolled over.

Benefits of Micro Investment Plan

  • A robust guaranteed return on investment.
  • Security of an investment certificate issued in the client's name.
  • Guaranteed income to meet your immediate and future needs.
  • Investment Certificates can be used as collateral for other credit transactions with SFL.
  • Free personalized financial advisory service.

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