With MMK loan of R100 000-00, I managed to buy a CAR.
As you might be aware the South African banking system is very biased against middle income earners and our experience as a family has been that of closed doors from one bank to the next. We tried all to assist but to no avail. The estate where we are building made our situation even worse as they started threatening us with fines for not completing the building within specified timelines.
The family of Mmetlakhola was the only home that was willing to take the risk. We have been with the co-operative for many years and the trust we have built during this time made the process a seamless and an efficient one. These are real people that know you personally, and that's what makes the difference. We got a loan of R100 000-00.
Viva Mmetlakhola Viva. You changed our situation for the better!
I applied for a loan R250 000-00 to consolidate my debts and it was approved.
I joined MMK as a shareholder in 2012. The good story I would like to tell is about how MMK helped me to be where I am now in terms of the asset I acquired. I had a lot of debts that were also affecting my scoring negatively when I apply for credit. Through the debt consolidation product of MMK I applied for a loan R250 000-00 to consolidate my debts and it was approved.
I used the loan strictly to pay off most of the debts and that helped also to clean my name from the credit bureaux. My credit score went up and I was able to buy a car again. Thanks to MMK. I have attached the asset I acquired after the intervention of MMK. MMK is the vehicle we must work hard to build until we achieve the financial freedom in our lifetime.
We must take our families along and build the future of ourselves and our children.
I acquired a loan from MMK to finance my vehicle.
I acquired a loan from MMK to finance my vehicle. Initially it was financed by one bank, but I transferred the loan to MMK, for the following reasons; with the same installment I had to pay the bank for 5 years, for MMK it will work for 3 years.
This is a huge saving from my side and MMK gains in interest as well.