CFI APPLICATION – INVESTCAN WOMEN

Become part of this amazing Cooperative Bank as a Member and Owner

Get Started with just R500

WHAT IS CFI?

INVESTCAN CO-OPERATIVE FINANCIAL INSTITUTION (CFI)is a member-owned primary co-operative Bank formed by people with the same common bond. Who voluntarily decided to pool their money together, for improving their social and economic well being. It presently has 94 members. These members belong to both InvestCan Women Association and the CFI(not yet registered).

Objectives of InvestCan CFI

Educate & train people to save money and have easy access to loans at reasonable interest rates.
Operate to promote the financial wellbeing of all its members.
To disseminate information freely to its members
For long term we will open a fully-fledged Bank

Benefits of being a member of InvestCan CFI

Ownership of a Co-operative Bank
Accumulation of Personal Savings
Easy Access to Loans – with no credit checks
No Deposit Fees
Sharing of Dividends in a long run Savings and credit for members only.

Types of Loans

Business, Personal & Education at the following low rates: 5% for 6 months loan and 2,5% for 12 months loan.
Maximum loan amount R50 000. (More products will be added as the bank grows)

How to become a member?

Complete an application form below

DEPOSIT: R 500,00 towards share capital once off (R
100,000.00 for the CFI)

R 300.00 monthly for a period of 8 years (R
28,800.00)

R 100.00 annual membership (IWA),
renewable each year;

The total joining fee is R600

Pay joining Fee