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R 500 – R 20 000 with up to 24 months to repay.
Benefits of a Finbond Micro Loan include:
What you need to apply:
Finbond Mutual Bank is a South African mutual and savings bank, owned by its depositors. Finbond Mutual Bank specializes in the design and delivery of unique value and solution based savings and credit solutions tailored around depositor and borrower requirements rather than institutionalized policies and practices.
Finbond Mutual Bank conducts its business through two divisions focussed on:
Finbond Mutual Bank Investment and Savings products, which offer a superior above average rate of return, are offered nationally to investors and pensioners looking for guaranteed higher fixed income in the current environment of depressed low yields. Finbond’s strategy is to stimulate savings through offering superior investment and saving solutions by providing client shareholders with better interest rates, better products, and better service. All investment and savings products are marketed nationally in the print media and available nationally through Finbond Mutual Bank’s head office call centre in Pretoria.
Micro Credit Products, are offered nationally through Finbond’s 272 microfinance branches in South Africa to the under-banked and under-served market of more than 40% of the adult population in South Africa. These are people that are actively seeking credit solutions but remaining largely unattended and under-serviced due to the traditional banks’ concentration on the higher income brackets of the population. For the twelve months ended February 2014, Finbond granted loans of R539,3m and received cash payments of R 709,5m from clients. Finbond Mutual Bank has a credit client base of 330,000 and 45,000 active monthly clients.
Finbond commenced trading in 2003, was listed on The Johannesburg Stock Exchange in 2007 and received its Mutual Banking license from the South African Reserve Bank in 2012.
The bank’s management team has a long and successful track record within the banking, microfinance and financial services sectors. This, combined with well-developed systems, unique branded product offerings, advanced information technology and a well-trained and motivated staff, provide Finbond Mutual Bank with a sound platform for future growth.
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