What is a home in society? A home is a foundation on which families are built. And everyone despite their socio-economic background deserves a house for which to call a home to build and raise their families in.
And it is for this reason that Kuyasa Fund supports the development of low-income families. Through the provision and disbursement of small loans to homeowners who are typically excluded from formal finance.
By encouraging poor South African’s to mobilise their savings and apply for housing finance, thereby improving their financial stability and ensuring sustainable households and communities.
Through its fund, Kuyasa Fund that facilitates the access to house financing for low income families, as no other appropriate sources of housing finance are available to them.
Kuyasa’s work emerges from the belief that poor and low-income people are credit-worthy and should therefore be extended financial services to build sustainable homes and strong cohesive communities.
All their loans are unsecured ranging from R1000 up to R30 000 with low interest rates due to the shorter repayment period terms of 6 to 24 months. To apply for Kuyasa Fund just visit the nearest branch with your title deed, proof of saving, bank account, South African ID and proof of income.
If you have a monthly income of R3 500 you may apply even those who are blacklisted, have bad credit and judgments against their name can still qualify for finance.
Kuyasa Fund was formed in 1999 and is a non-profit non-government organisation (NGO). Visit their site www.thekuyasafund.co.za for more.