8th Floor, Red Bridge South,
Eastgate Mall, Harare,ZW
+263 780 910 611
Ahoyi primary saver account(APS)
This is a mandatory savings account.
The APS can be used as security for Ahoyi Loans. The higher the savings amount, the higher the loan the member can get.
The APS is an interest-earning account.
The minimum mandatory savings contributions for Individuals is R100/$5 per month.
Ahoyi kids savings account
This is an interest-earning account for children of Ahoyi members. This account encourages children to save for specific goals like (Birthdays and Xmas Fund). The objective is to instill a culture of saving from a young age.
The minimum mandatory savings contributions for Kids is R50/$2.50 per month.
Minimum saving account for each member applies.
Start-up Interest bearing account of Prime minus 2.25%. Savings Account will have a base 5% interest per year.
The normal Savings Account Interest will be revised after adjusting for the performance of the Loan Book.
Any amount above the minimum prescribed monthly saving amount of R100/$5 is withdrawable after 6 months of saving after giving a months’ notice.
The minimum saving amount is withdrawable after 12 months upon giving 2 calendar months’ notice.
A member can access a Loan after 6 months of continuous saving.
The maximum Loan Amount is determined by the member’s savings balance multiplied by a factor.
The starting factor is 1,5.
The factor amount can be adjusted by the Credit Committee at the time of the loan application.
Ahoyi is focused on investing in Financial Services, Agriculture, Property and Commodity Trading. Investments are long term in nature and Ahoyi targets a minimum 20% return over the life of the investment.
The current investments are R2.596 million invested on behalf of members that participated in the call to invest in NAFUICO and R192 000 invested in our Online Store .