Huza Finance

The Huza Finance App, provided by Huza Financial Services Ltd, offers flexible wage advance disbursement for employees of registered companies. Through the app, users can access up to 50% of their net salary in advance of their usual payroll cycle. Following consent from the employee, the accessed amount, including fees, taxes, and third-party charges, are deducted from the next salary payment through the payroll facilitated by the employer. All charges and repayment amounts are displayed on the app before the user confirms the withdrawal of the advance.

Terms for Salary Advance --No interest: just a small, one-time processing fee (3% – 7%). --APR: 36% – 84% --Instant funds: users can transfer funds directly to their preferred mobile money wallet. --Repayment period: users can repay an advance over three months or earlier if they prefer. --No hidden charges, no rollover debt.

Example of salary advance repayable within the next payroll cycle:
--Salary advance disbursed: RWF 10,000
--Facility fee: 6% of RWF 10,000 = RWF 600
--VAT: 18% of the facility fee = RWF 108
--Total repayable amount: RWF 10,708 --APR: 72%

Note: Any third-party fees, such as MTN (telco) charges, will be added to the repayment. At the moment, MTN does not charge a fee for the disbursement.

About Huza: Huza is a one-stop shop for all HR-related needs, providing both human resource automation and data centralization for employers, and salary advance services for employees.

Contact Us: We would love to hear from you! For feedback, questions, or concerns, please email us at finapp@huzahr.com.

Visit our website: https://huzahr.com/launch Follow us on Social Media: --Twitter: https://x.com/pesachoicelaunch --Facebook: https://www.facebook.com/pesachoicelaunch --Instagram: https://www.instagram.com/huza_hrlaunch --LinkedIn: https://www.linkedin.com/company/huza-hr/launch

Our Office Address: 1 KG 6 Avenue Kigali, Rwanda