What you need to know about AXON Tunga and its dedication to eradicating poverty

AXON Tunga is a local microfinance institution committed to using digital technology to offer innovative and fast services that will save customers a long wait.

While visiting AXON Tunga Offices, IGIHE had the opportunity to get a better understanding of its functions.

“We have set up a variety of accounts to help clients. Whether you are working for someone else or you are a self-made man with a limited income, we can help you reach your financial goal,” explained the management of AXON to IGIHE.

The management also went through a variety of AXON’s products that are designed to ‘help the client grow financially’ as listed below;

Current account; the account helps those who make regular transactions, are opening is free with a minimum saving balance of Rwf5000Rfw. It is a flexible account with a daily income of Rwf590.

Saving account; the account is one of the best transactional savings accounts which can earn you interest up to 3%. A minimum saving balance of Rwf5000 is required. This provides unlimited access to the E-banking: checking, inquiries, remittances, etc. but also up to 4 withdrawals a month and there is a charge for an extra withdrawal to help save your money efficiently.

Fixed deposit; the account is said to be the best investment facilities offered. The direction of AXON explained that this type of account requires the client to pay money for a given period (2, 3, 6, 9 and 12 months) and make the client earn interest up to 7.8%. A Minimum balance of 100,000Frw is required.

AXON also offers different types of loans such as the community group loan where you can borrow with fellow members. Solidary group loan, another service, allows you to borrow with fellow members. Group collateral and collateral needed. Another product, Salary advance, facilitates the customer to borrow up 8 times the net pay.

AXON Tunga was founded in 2015 with the ambition to deliver professional financial services that are digital-friendly and tailored to the needs of individual, Groups and SMEs especially those ran by young and women entrepreneurs. The company continuously strives to innovate in offering financial services, creating an environment where customers can grow quickly and consistently.