Loan Products

Kuyasa currently has 2 products: the Kuyasa Housing Loan and the Kuyasa Business Loan. The latter product is currently in testing phase, and is donor funded.  We anticipate that once breakeven is reached, we will increase the range of products we serve to our market.

Kuyasa Housing Loan

Purpose: Designed to improve housing conditions

Criteria:

• South African ID
• Payslip or proof of income if informally employed/remittance-dependent
• Title Deed
• Proof of Savings
• Bank Account

Interest rate: 2.675% / month (declining balance basis)

Loan Amount Range: R1,000 - R30,000

Loan Amount Average: R6,500

Term: 6 - 24 months

Collateral: None required!

Kuyasa Business Loan

Purpose: Designed to provide sustainable and affordable access to business finance to small business owners within poorer communities.

Target Market:

• All applicants who are formally or informally employed, including pensioners, with a household income
• Applicants must be living in areas where there is a Kuyasa opearting Branch or Cusotmer Service Center
• Loans are granted to individuals - only
• Non South Africans living in South Africa DO NOT qualify for a Kuyasa loan

Interest rate: 2.675% / month (declining balance basis)

Loan Amount Range: R1,000 - R30,000

Loan Use: Purchasing stock, expansion, paying short term liabilities in order to free up income within business to support business growth

Term: 3 - 24 months

Working Capital Loan Conditions:

• The loan may only be used to grow clien'ts business
• Clients must pay their full installment on or before due date - weekly installments
• Business must be in existance for 6 months with proof of revenue
• No Start Up loans will be considered until April 2011
• Special conditions apply for spaza shops and unlicensed sheebeens