Household Thrift

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Important Update on Food Thrift Fund Program

1. Program Overview

At Ajo, we’re committed to supporting our valued clients through our Food Thrift Fund program. This program offers a unique opportunity to acquire food items with a 5% interest rate, repayable over 4 weeks in weekly installments due every Friday.

2. Repayment Assistance

If you encounter difficulties repaying your Household/Food Thrift Fund within the stipulated time, we’ve got you covered. The outstanding amount will be converted into a Safari loan, debited from your funded Ajo wallet, with a default interest rate of 10% applied.

3. Application Details

The Household/Food Thrift fund application window opens every 7th of the month. Please note that:

– The maximum limit for first-time applicants is N20,000.00, with subsequent increments available on the Food Thrift Fund.
– Approval is contingent upon achieving a minimum credibility rating of 5% on the Ajo mobile app.

4. Credibility Rating and Repayment

Maintaining timely repayments is crucial, as defaulting may reduce your credibility rating. A lower credibility rating may result in a change in your Ajo Kiko number, representing a backward step in the system.

5. Application Fee

Please note that a non-refundable application fee of N1,000.00 applies.

6. Additional Information

For queries about the maximum attainable Safari loan amount, please contact us via WhatsApp at 09014149580. Your financial well-being is our priority, and we’re here to assist you every step of the way.

HOUSEHOLD/FOOD THRIFT IS NO LONGER AVAILABLE. Please be informed that this application will be opened on the 7th of next month