Mpowa Finance- helping to grow South Africa’s economy through easy access to much-needed credit
Do you need an extra boost of cash to see you through until your next payday? Do you have an emergency expense that needs your urgent attention? Mpowa Finance may be just the right stop for you.
A micro lender that is part of a sector that is proving to be a significant industry in South Africa’s growing economy; Mpowa Finance operates online and has highly reasonable and affordable payday loans. Many new firms have been established since the advent of democracy in the country. Over the years the industry has become more regulated and is now governed by strict rules designed to protect the interests of borrowers. Mpowa Finance is compliant with the regulations and ensures that clients are well-informed of their options as well as responsibilities as borrowers.
Mpowa provides payday loans to clients and they are informed that they need to reimburse the institution with a month. Up to R2500 is offered to clients.
How to apply:
Create an account here: www.mpowafin.co.za
A loan contract is emailed to you, the applicant
You will then be required to simply email your latest 3 months’ bank statements and to sign the contract
A consultant will then call you and a voice recording will be done
Once the loan is finalized, Mpowa will pay out on the same day
Your responsibility will be to adhere to the loan agreement and to ensure repayment is made on your next payday via debit order.
The loan amount charged includes an initiation fee of 15% of the loan amount up to R1000. 105 plus VAT is also charged while a service fee of R50 is charged per month as well as 55% interest per month.
Call Mpowa Finance on: 0861 228 228