Africa is the new frontier for micro finance.The growing human population on the continent has necessitated the need for more micro financing firms. South Africa is not a different case.Micro finance in South Africa has had a long history in assisting the masses access finance. One of the micro lender forming part of this rich history is Loans4Africa.
Loans 4 Africa is a South African micro lending entity which has committed itself to providing personal loans, long-term loans, consolidation loans and cash loans to South Africans including those who are blacklisted.These loans are designed to meet unforeseen expenses for individuals and families such as education fees, medical fees, vehicle maintenance, home renovations or even take a holiday.
Personal loans from Loans4Africa are offered from a minimum of R16,500 with a repayment period of 60 months and fees and interest are charged in terms of chapter 5 of the National Credit Act. Initiation fee of 15% of the loan amount up to R1,000, thereafter 10%(+VAT).
To qualify for this credit, a client needs to be South African with an ID, be above the age of 18, have some income which must be proven by payslip or bank statement, show proof of residence and have a bank account where this credit can be deposited and debit orders conducted.
Loans 4 Africa can be contacted on 0879403072.