SHOSHOLOZA FINANCE CC

Company name
SHOSHOLOZA FINANCE CC
Address
35 Van Buuren Rd Germiston, 2008, Bedfordview, Gauteng, South Africa
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Phone
+27 11-455-0390

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Ester Vaaltyn
27 Mar, 2020
How are your company dealing with loans during the lock down period
Ingrid
9 Jan, 2020
Do you do fast payouts
duduzile
6 Nov, 2019
I have applied for a loan a week ago and the consultant told me my loan was approved but I didn't get the money till today
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Company Details

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35 Van Buuren Rd Germiston, 2008, Bedfordview, Gauteng, South Africa Get Directions
Description
Shosholoza Finance is an independently owned micro lending company offering unsecured short-term micro loans, primarily in Bedfordview, Johannesburg.

Since its inception in 1997 Shosholoza (which means ‘go forward’ or ‘make way for the next man’ in the Zulu language) has extended its business to approximately twenty four thousand clients over this period.

​Shosholoza Finance offers unsecured personal loans. All loans and agreements must adhere to the criteria as set out in section 39 (3) of the National Credit Act.

​Shosholoza Finance offers loans to a base of employers

with 78% of the loans ranging on average between R500 and R8 000 and with an average loan size of R 1,620. Loans advanced are primarily granted for periods of one to three months. However Consolidations and loans up to R 250 000.00 can be done, if the required criteria are met.

​The minimum requirements of Shosholoza Finance are for the clients to have a bank account facility and permanent employment as well as satisfying the affordability criteria as per NCR guidelines.

​For the last 23 years, Shosholoza Finance has also been supporting many orphanage homes, charities and schools providing food and financial contributions. We also have a soup kitchen that provides food, tea and biscuits free of charge for all our clients that come in for a loan.

​Shosholoza Finance’s social responsibility commitments demonstrate a continued interest in education and sports. The entity makes numerous donations to local schools and sponsors some independent charity sport teams.
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Last update: April 2020 - View Status


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