The applicant must be a South African citizen or must have a valid residence permit An appropriate need must be shown.
An ability to repay the loan must be demonstrated.
A surety is a 3rd party individual who takes on the debt and responsibility to repay the loan in the event that we cannot recover the funds from the original borrower.
A surety must be over the age of 18 and must have a steady source of income and a strong established credit record.
Multiple sureties may be required depending on the quantity of the loan.
All sureties are jointly and severally liable for payment for the amount that the debtors owes at the time of default. No interest is charged.
The trust reserves the right to call for an additional surety(ies) at their discretion.