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FAPI-Africa's Forum / Le Forum de FAPI Afrique

 

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FAPI-Africa's Forum / Le Forum de FAPI Afrique
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A. Become A Simple Member of the African Community and be eligible for our non -interest bearing loa

An African parent or a single African individual, wishing to support the program and also become elligible for our loan program can apply to become a Simple Member of the African Community, in short SMAC.

The SMAC contribute $2.5 on average per month depending on his/her country of origin. To be considered for the loan package, the SMAC must have reached at least $30 in contributions.

Contributions are not a guarantee for the loan but more a support to all. However, FAPI Africa s objective is to reach 100% of the poor families and 8,33% of all adult individuals in Africa with loans by 2025.

Families are eligible for a loan of $45,000 while individual receive $15,000. Families and individuals beneficiaries repay their loans with monthly installments of $150 and $50 respectively.

The good news is that your long-term deposit from the loan cover much of the repayments. Loans are distributed according to the order of arrival and the level of need. For more details, please CLICK on "JOIN US" and then "Golden Generation" on the menu at: www.fapiafrica.org

Country/Pays RSA