We provide Fajomonie online (apkid: com.fajomonie.app) in order to run this application in our online Android emulator.
Description:
Run this app named Fajomonie using MyAndroid.
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About Fajomonie
Online cooperative app for savings, earning interest through short and long term investment, and Emergency Loans.
It is the only Online cooperative app in Nigeria that allows membership registration without borders, make daily, weekly or monthly savings, and also able to request for emergency loan without breaking your savings plan.
Fajomonie currently has four different features which includes Ajo(Thrift), Projectsave, Powersave and Emergency Loan.
FaJoMonie Thrift Flex(Ajo) is a daily savings or contribution plan specifically designed to support traders and business owners to save for monthly re-stock and project.
Minimum contribution N500.
FaJoMonie Projectsave is specially designed to meet up with defined projects or short term goals, members can save or contribute a range of N500 to N2500 daily, while weekly and monthly contributors are with no contribution limit.
ROI is 12% per annum, payable daily.
Minimum duration of savings is 3 months
FaJoMonie Powersave is for individuals who desire higher ROI while they meet up with life goals.
Members can save or contribute a range of N500 to N2500 daily, while weekly and monthly contributors have no contribution limit.
ROI is 20% per annum, payable daily.
Minimum duration of savings is 6 months
FaJomonie understands that while people save for projects, unforeseen emergencies may arise to distort their saving plan, and as well distort the accomplishment of their goal.
Our members do not have to liquidate their savings.
They can borrow loans as low as 1% monthly interest.
Every registered member is eligible to borrow sum total of value they have in their Projectsave wallet and Powersave wallet.
Mr Jones has NGN20,000 in his Projectsave wallet and NGN30,000 in his Powersave wallet.
It means, hes eligible to borrow NGN50,000 to attend to his emergencies rather than liquidating his savings plan.
If Mr Jones borrow NGN50,000 at 1% Monthly Interest (APR of 19.10% per annum).
Example
Amount Borrowed = NGN 50,000
Duration = 6 month(s)
Interest Amount = (1% of NGN50,000 multiplied by 6) = NGN 3,000
Total Loan Amount Disbursed = NGN 50,000
Upfront Fee = (3.68% of 50,000) = NGN 1,840
Total Cost of the loan is = (Interest Amount + Upfront Fee) = NGN4,840
Monthly Repayment = (Amount Borrowed + Interest)/6 = NGN 53,000/6= 8,833.33
Loan Tenure:
65 days to 180days.
Monthly interest rates of 1%
Loan features:
1.
1% Monthly interest
2.
Loan feature tailored to multipurpose cooperative organization.
3.
Get a credit alert in your bank account instantly
4.
Repayment periods from 62 days to 180days
5.
APR 19.10%.
The best in the country.
6.
No default charge
7.
No rollover charges
8.
Flexible payment plans
Thrift Flex(Ajo)
1.
Lock your funds for a minimum and maximum of 30 days
2.
Autodebit
3.
Auto-repayment
ProjectSave
1.
Enjoy a 12% Interest rate per annum.
2.
Auto debit
3.
Interest is paid daily into your interest wallet, and can be withdrawn anytime
4.
Minimum lock period of 3 months.
PowerSave
1.
Enjoy a 20% Interest rate per annum.
2.
Auto debit
3.
Interest is paid daily into your interest wallet, and can be withdrawn anytime
4.
Minimum lock period of 6 months.
Privacy policy
FajoMonie uses World-class data security and encryption techniques to protect the data that our members share and well never share their information with a third party.
We have strict policies that ensure our methods are adequately communicated and customer data is always protected.
FajoMonie is licensed and regulated by the Lagos State Multipurpose Cooperative Society.
Contact us
We're always excited to hear from you! If you have any feedback, questions, or concerns, please email us at [email protected], [email protected]!
Follow us on
Instagram: @fajomonie
Visit our website: www.fajomonie.com
Our Office Address: 128 Ikotun Idimu Road Alake Bus stop Ikotun Lagos State
Online cooperative app for savings, earning interest through short and long term investment, and Emergency Loans.
It is the only Online cooperative app in Nigeria that allows membership registration without borders, make daily, weekly or monthly savings, and also able to request for emergency loan without breaking your savings plan.
Fajomonie currently has four different features which includes Ajo(Thrift), Projectsave, Powersave and Emergency Loan.
FaJoMonie Thrift Flex(Ajo) is a daily savings or contribution plan specifically designed to support traders and business owners to save for monthly re-stock and project.
Minimum contribution N500.
FaJoMonie Projectsave is specially designed to meet up with defined projects or short term goals, members can save or contribute a range of N500 to N2500 daily, while weekly and monthly contributors are with no contribution limit.
ROI is 12% per annum, payable daily.
Minimum duration of savings is 3 months
FaJoMonie Powersave is for individuals who desire higher ROI while they meet up with life goals.
Members can save or contribute a range of N500 to N2500 daily, while weekly and monthly contributors have no contribution limit.
ROI is 20% per annum, payable daily.
Minimum duration of savings is 6 months
FaJomonie understands that while people save for projects, unforeseen emergencies may arise to distort their saving plan, and as well distort the accomplishment of their goal.
Our members do not have to liquidate their savings.
They can borrow loans as low as 1% monthly interest.
Every registered member is eligible to borrow sum total of value they have in their Projectsave wallet and Powersave wallet.
Mr Jones has NGN20,000 in his Projectsave wallet and NGN30,000 in his Powersave wallet.
It means, hes eligible to borrow NGN50,000 to attend to his emergencies rather than liquidating his savings plan.
If Mr Jones borrow NGN50,000 at 1% Monthly Interest (APR of 19.10% per annum).
Example
Amount Borrowed = NGN 50,000
Duration = 6 month(s)
Interest Amount = (1% of NGN50,000 multiplied by 6) = NGN 3,000
Total Loan Amount Disbursed = NGN 50,000
Upfront Fee = (3.68% of 50,000) = NGN 1,840
Total Cost of the loan is = (Interest Amount + Upfront Fee) = NGN4,840
Monthly Repayment = (Amount Borrowed + Interest)/6 = NGN 53,000/6= 8,833.33
Loan Tenure:
65 days to 180days.
Monthly interest rates of 1%
Loan features:
1.
1% Monthly interest
2.
Loan feature tailored to multipurpose cooperative organization.
3.
Get a credit alert in your bank account instantly
4.
Repayment periods from 62 days to 180days
5.
APR 19.10%.
The best in the country.
6.
No default charge
7.
No rollover charges
8.
Flexible payment plans
Thrift Flex(Ajo)
1.
Lock your funds for a minimum and maximum of 30 days
2.
Autodebit
3.
Auto-repayment
ProjectSave
1.
Enjoy a 12% Interest rate per annum.
2.
Auto debit
3.
Interest is paid daily into your interest wallet, and can be withdrawn anytime
4.
Minimum lock period of 3 months.
PowerSave
1.
Enjoy a 20% Interest rate per annum.
2.
Auto debit
3.
Interest is paid daily into your interest wallet, and can be withdrawn anytime
4.
Minimum lock period of 6 months.
Privacy policy
FajoMonie uses World-class data security and encryption techniques to protect the data that our members share and well never share their information with a third party.
We have strict policies that ensure our methods are adequately communicated and customer data is always protected.
FajoMonie is licensed and regulated by the Lagos State Multipurpose Cooperative Society.
Contact us
We're always excited to hear from you! If you have any feedback, questions, or concerns, please email us at [email protected], [email protected]!
Follow us on
Instagram: @fajomonie
Visit our website: www.fajomonie.com
Our Office Address: 128 Ikotun Idimu Road Alake Bus stop Ikotun Lagos State
MyAndroid is not a downloader online for Fajomonie. It only allows to test online Fajomonie with apkid com.fajomonie.app. MyAndroid provides the official Google Play Store to run Fajomonie online.
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