ExpressCredit raises P103m for local microlending
Friday, November 19, 2021 | 2720 Views |
Charlotte Mathula
ExpressCredit is among the country’s top 20 microlenders, whose combined assets were measured at P6.3 billion last year.
Local microlenders are not deposit takers and thus raise the funds they require for the lending activities through external financiers. ExpressCredit’s latest boost has come from a US-based alternative asset manager.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...