UMNOTHO FINANCIAL INSTITUTE
Umnotho Financial Institute, which we commonly refer to as our "community bank", was granted a CFI license by the South African Reserve Bank as per the Co-operative Banks Act 40 of 2007. This is where we collectively save towards building material and we are able to access building loans.
Building a house is an expensive process that forced us to create our own bank that will understand our needs as a people.
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Share Price: R500
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VISSION: BUILDING A COMMUNITY OWNED BANK
Our mission as a community is to build our own bank, a bank that will understand our needs as a people.
This is a bank to finance our homes, our businesses and our aspirations. We owe it to ourselves, to our children and to our grandchildren... Yes, we can!