African Financial Services or â€œAFSâ€ is a microfinance business that specializes in the provision of credit products to consumers. We believe that the development of innovative financial services products to serve the consumer is fundamental to supporting development and empowering individuals in Africa.
The primary lending model is based on a responsible and robust tripartite relationship between employer, borrower and AFS. We determine affordability based on proven income and use proprietary methodology to set lending levels together with the individual borrower. Repayments are made directly from the employer at a payroll level and ability to repay is continually monitored with the borrower.
In addition to prudent lending, we have a central belief that our processes should be swift and efficient. This means that in general cash advances are made immediately to borrowers who meet the appropriate criteria.
To become a leading financial institution in Africa, specialising in providing smart, innovative and tailored made products and services to the previously unbanked, supported by service excellence.
This will be made possible through smart technological solutions and investment in the people who serve our clients.