CATEGORY 1 – SHORT TERM LOANS

Target: employees in the private sector

Repayment period: 1 to 12 months

Loan Products:

  • Short term Loan – generic
    • 7% loan processing fee
    • 3% per month interest calculated on loan balance
    • Maximum loan Amount is 200% of a member’s share value
  • Emergency Loan
    • 7% loan processing fee
    • 3% per month interest calculated on loan balance
    • Maximum loan Amount is one third of a member’s share value
  • Pompo-Pompo Loan
    • Zero costs on loan processing fees
    • Processed within 24hours of submitting the loan application form
    • I month duration
    • 15% interest on the applied amount
CATEGORY 2 – LONG TERM LOANS

Target: employees in the private sector

Repayment period: Up to 24 months

Loan Products:

  • Long term Loan – generic
    • 7% loan processing fee
    • 3% per month interest calculated on loan balance
    • Maximum loan Amount is 200% of a member’s share value
  • Employer Guarantee Loan
    • Requires clearance from the member’s employer
    • 3% per month interest calculated on loan balance
    • Disbursed amount based on member’s assessed capacity to repay
CATEGORY 3 – CIVIL SERVANT LOANS

Target: Employees in the civil service

Loan Products:

  • Civil Servant Loan – generic
    • Repayment period of up to 24 months
    • Maximum loan Amount is 400% of a member’s share value
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  • Takulandirani Loan
    • An instant loan for new members
    • No share balance required as long as the new member has the capacity to repay
    • Repayment period of up to 6 months
    • 3% per month interest calculated on loan balance
  • Thandizo Loan
    • A quick loan facility for emergencies
    • Processed within 24hours of submitting the loan application form
    • Repayment period of up to 6 months
CATEGORY 4 – PURPOSE BASED LOANS

Target: Employees in the private sector

Loan Products:

  • Development Loan
    • Suitable for asset acquisition and personal development
    • Repayment period of up to 24 months
    • Maximum loan Amount is 400% of a member’s share value
    • 3% per month interest calculated on loan balance
  • Agricultural Loan
    • Disbursed for farming activities and inputs 
    • No share balance required as long as the new member has the capacity to repay
    • Repayment period of up to 6 months
    • 3% per month interest calculated on loan balance
  • School Fees Loan
    • A quick loan facility for emergencies
    • Processed within 24hours of submitting the loan application form
    • Repayment period of up to 6 months