Frequently Asked Questions
How can i recieve the money after applying for it online?
Ans:
1. Immediately after you apply, the system displays regional coordinator contacts and he also recieved yours, so, either of you can call, then
2. take your security item and Natioanl ID to your cordinator for approval and after You recieve the money either by cash or on Phone.
What are the neccesary requirements i should have to borrow money?
Ans:
Security item like laptop, mobile phone or anything worth and A Natioanl Identity Card.
How can i pay back the money?
Ans:
You can take the money in cash to any of our regional cordinators for approval and then pick the item from the one who approved your loan request.
More electronic means of repayment will soon be communicated.
How much can i borrow?
Ans:
UGSHS 5,000 to UGSHS 200,000
Can i borrow morethan two hundred thousand Shillings?
Ans:
Currently NO
How much is the intrest rate?
Ans:
20% intrest rate
e.g.
If you take shs 5,000 : 20/100 x 5,000 = UGX6,000
If you take shs 50,000 : 20/100 x 50,000 = UGX60,000
in a period basing on the class of your loan request.
What if i pay back the money before the agreed date, does the percentage intrest remain the same?
Ans:
YES
If i give in my phone as security, can you get me a small phone to keep me on network?
Ans:
Yes but only Applicable for clients who have borrowed UGSHS 50,000 more than 5 times.
Can i also become a regional coordinator and if YES how?
If i need to borrow for morethan once having put my security in the first place, is it possible?
Ans:
Yes as long as a security item is worth and the intrest rate is considered unique in each request and time bound period also remains different. This is accepted only twice in the same week
What if one knows not now to apply on the system, can they still request for this moneney?
Ans:
Visit our cordinators, they will help you apply