Kuyasa fund housing microcredit in South Africa

Microcredit in South Africa with Kuyasa fund housing

Most people promptly give to make efforts bent on owning a house if their governments excludes them from housing programs that are designed to provide shelter to the general public. South Africa a country whose estimated population is 54.2 million has according to a US nonprofit social investment, Shared Interest, 7.5 million people who are still in need of adequate housing.

It is in line with this background that social development organisations like The Kuyasa Fund realized this gap and sought to provide microfinance services to South Africans who are excluded from home finance. In the belief that improving the quality of housing adds essential social value and because no other appropriate sources of housing finance are available to low-income households.

Clients who earn R3 500 a month or those who are informally employed, are eligible to apply for loans of up to R10 000 for use in improving their housing situation. Such funds can be used for renewable energy products such as solar water heaters, stoves, and lamps along with general renovations: tilling, tubing, electrification, plastering, painting, fencing, flooring and structural extensions.

To access the Kuyasa Fund, clients are required to have a South African ID, Payslip or proof of income if informally employed, Title Deed and Bank Account. The organisation has branches in Cape Town, George, Port Elizabeth and Robertson.
Contact can be made on 0214483144.