Faiiya savings Overview
Faiiya Savings Scheme is a program that provides an opportunity to its members to save money on a regular basis. With our weekly contributions program, you can set aside a fixed amount of money each week or month to achieve your financial goals. Here are the terms and conditions of the program:
Eligibility
- The weekly contributions program is open to all individuals aged 18 and above in Nigeria.
- It is for people who have a Steady and verifiable source of income.
- Have a valid bank account and can perform transactions with the bank (preferably a microfinance bank)
- Members must have a Valid means of identification.
- Must present a verified guarantor.
- Should have a valid WhatsApp Phone number
- Must be willing to deposit the stated amount weekly
Contribution Amount
There are two categories of:
1. the Two thousand Naira #2,000. weekly.
2. Ten thousand Naira #10,000. Monthly
Contributions
Contributions can be made via bank transfer or direct debit, to the company’s account number, plus N100 charges per deposit while proof of payment would be sent to the WhatsApp group for the category you made payment for.
Each weekly Payment must be made before 8pm on Sunday evening for the weekly contribution, and 8pm on the last day of every month for the 10,000 monthly category.
Late or Missed Payment
Under no circumstance should the payment be missed as this would disrupt the circle.
If you are late and miss the payment deadline, a Three hundred naira (N300) fee will be charged as penalty.
If you miss two consecutive payments, your membership may be terminated.
Withdrawals
The Total agreed sum will be sent automatically to the next person on the line as per the selection program, on or before 10am on Monday for the weekly contribution.
or
10am on the first of the next month for the monthly contribution.
Termination
We reserve the right to terminate your membership in the program at any time, with or without cause. If your membership is terminated, we will refund the balance of your savings to you within five business days.
How To Apply:
To apply for the weekly contributions program, fill out the application form Below.
Provide your correct personal information and select the Category you feel comfortable. Choose your preferred payment method, and submit your application. Upon approval of your application, you will become a member of the Faiiya Savings Scheme weekly contributions program.
Joining the Faiiya Savings Scheme weekly contributions program is a smart way to save money and work towards your financial goals. With competitive interest rates, flexible contributions, and easy withdrawal options, our program is designed to help you save more and stress less. So why wait? Apply today and start your journey towards a brighter financial future!