Financial services are fundamental to economic growth and development. Banking, savings and investment, insurance as well as debt and equity financing help private citizens save money, guard against uncertainty and build credit, while enabling businesses to start up, expand, increase efficiency, and compete in local and international markets. For the poor, these services reduce vulnerability and enable people to manage the assets available to them in ways that generate income and financial options which ultimately create paths out of poverty. One firm that has become an integral part of this process in South Africa is Izwe Loans.
Izwe Loans was established in 2004 but has over the years grown its business footprint to 18 branches nationwide and stretching into other African countries like Zambia, Ghana and Kenya. Izwe has therefore established itself as a specialist finance company targeting the formally employed market with an unsecured term loan offering.
This firm makes unsecured loans which currently do not exceed R50,000 with tenors of up to 60 months. Todate, Izwe has disbursed over R1 billion to over 150,000 customers. Izwe loans are divided into building loans, student loans, consolidation loans and general loans.
Building loans are designed for those who plan to build new structures or even renovate old infrastructure. Izwe Loans’ Student Loans allow you to pay off your child’s education over a period of time that is tailor made to your personal circumstances. This can be done over as little as 9 months or as long as 60 months, depending on your financial situation. If you are having difficulty repaying several loans, you should consider a consolidation loan.This implies that you take multiple outstanding debts and consolidate them into a single, more manageable loan. In other words, you will take out one new loan and use that loan to pay off all your other debts. General loans are offered from a minimum of R1,000 to a maximum of R50,000 with repayment terms running between 9 to 60 months.
To access these products, Izwe Loans can be contacted on 0102067400.