Makoko Finance Services Tembisa is situated at Stand No. W3067, Winnie Mandela Section, next to Makananise Church. The branch is part of MTCL Trading Enterprise t/a Makoko Finance Services, registered with the National Credit Regulator (NCRCP 4053). Since its conversion to micro-lending in 2009, the company has expanded to serve multiple locations, including this convenient Tembisa branch.
Services Offered
Makoko Finance Services Tembisa offers flexible loan products to meet a variety of client needs:
- Once-off Loans: Between R200 and R8000, with up to 30% increase inclusive of interest and charges.
- Short-Term Loans: Available for up to 6 months with interest of up to 30%.
- Housing Loans: Repayment terms of up to 24 months at a 27.5% annual rate. Clients must earn at least R3500, and payments go directly to hardware stores upon quotation.
- Tender Loans: Provided at 15% interest under cession, available for supply tenders only.
Requirements
Loan applicants must provide:
- South African ID or Smart Card
- Latest Payslip
- Three months’ Bank Statements
- Proof of Residence
- Bank Card
Non-qualifying clients:
- Individuals under administration or debt review
- Blacklisted clients (written-off accounts)
Location and Contact Details
Address: Stand No. W3067, Winnie Mandela Section, next to Makananise Church, Tembisa
Phone: 061 164 8627
Email: info@makokofinance.co.za
Makoko Finance Services Tembisa continues to provide accessible and regulated financial solutions that support personal and small business needs. The branch is known for its reliable service and compliance with lending regulations, ensuring fair and responsible credit access for Tembisa residents.
