Get A Loan When You Need The Most
We offer loans of upto R100000 talk to us about your requirements
We offer different types of loans to suit your circumstances. Not seeing what you are looking for? talk to us about your needs. We might just have the right solution for you. PLEASE SEE BELOW FAQ (Fequently Asked Questions) before applying
Payday Loans & Emergency Loans
- Loan Amount : From R1k upto R8000
- Criteria : Must be employed or have a business
- Interest rate : 3% per Month (Non-Members pay a higher Interest Rate)
- Other Fees: Initiation fees & Service fees
- Maximum Loan Term: 1 Month
Business Akaho Loans
- Loan Amount : From R1k upto R15k
- Criteria : If saving or Doing daily or weekly or monthly contribution with us
- Interest rate : 3% per Month (Non-Members pay a higher Interest Rate)
- Other Fees: Initiation fees & Service fees
- Maximum Loan Terms: 3 Months
Business Flexi Loans
- Loan Amount : From R1k upto R100,000
- Criteria : Must be willing to provide a form of collateral
- Interest rate : 3% per Month (Non-Members pay a higher Interest Rate)
- Other Fees: Initiation fees & Service fees
- Maximum Loan Term: 6 Months
Frequently Asked Questions (FAQs)
Can i top up my Loan?
No. we do not allow loan top up. You must repay any outstanding loan owing before taking a new one. We also do not allow set-off of loans. For example, you owe R1000 and decide to apply for additional R5000 and request us to remove your R1000 owing in the R5000 and give you the balance. This is not allowed
Do non PIS members enjoy the same interest rates as members of the stokvel?
The interest rates stated on this website is for members. Non members can contact us to find out about the interest rate applicable to them.
What can i use as collateral ?
Anything that has value can be used as collateral from phones, laptops, equipments & Machinery. Even a business that is operating can be used as collateral. For example if you have a solon or restaurant, you can put it as a collateral.
What qualifies a Member to enjoy the PIS preferential interest rates?
A person must have been a member for at least 3 months AND must have contributed a minimum investment fund of R5000 to qualify for preferential interest rates.