South Africa has over the last few years witnessed extraordinary growth in unsecured micro lending over the last few years. Traditionally, South African banks were hesitant to offer credit to lower income earners. These individuals and families were forced to use other less regulated alternatives such as loan sharks, to cater for their credit needs.The environment has however continued to change with more and more micro lenders coming on the scene. Of those that stands as a perfect example is CrediCor.
Established in 1995, CrediCor today boasts of 18 branches across Pretoria, South Africa. CrediCor supports a professional and regulated micro-finance industry, and are registered with the National Credit Regulator (NCR) as a credit provider. This firm is also a registered member of Micro-finance South Africa (MFSA) and supports all efforts of the organisation to ensure a sustainable micro-finance industry.
CrediCor seeks to provide excellent service to customers who require unsecured short term loans in a professional and ethical way, through well trained personnel, practical business systems and an accessible branch network.
This firms product offering includes unsecured short term loans extended over one month to medium term loans ranging from two to six months.These loans are supplied to borrowers where installments can be repaid in sequences ranging between weekly, fortnightly and monthly repayments via the early debit order systems such as AEDO and NAEDO.
There is also the added benefit of death and disability cover, underwritten by Mutual and Federal Risk Financing Ltd on all loans.
Credicor can be contacted on 0861273342.