South Africa’s micro credit industry is worth a staggering R50 billion.This sector is as old as 20 years old and has been involved in providing much-needed finance to the masses. Micro credit is a small loan designed for people who lack collateral, do not have verifiable credit history and do not qualify for traditional credit.One business firm providing these loans is Izwe.
Izwe is a South African vernacular word which means people or citizens.This firm is a specialist finance company targeting the formally employed market with unsecured loans. Established in 2004 with its first branch in Pretoria, Gauteng, Izwe has gone on to open 24 branches nationwide and further extending into Zambia, Kenya and Ghana.
Personal loans from Izwe are offered from a minimum of R1,000 to a maximum of R50,000 with repayment terms ranging from 9 months to 60 months. The loans are offered in form of building loans, student loans, consolidation loans and general loans.
Building loans can be used to build your dream home or for renovating your existing home. Student loans are ideally tailored to pay for childrens education. For those who would like to consolidate current debt, the consolidation loan is the best option. General loans are tailored for general needs and unforeseen circumstances.
For purpose based personal loans to suit your personalised needs with affordable monthly payments, Izwe can be contacted on 0102067400.