NBS launches microfinance subsidiary

NATIONAL Building Society (NBS) has launched a microfinance subsidiary as it seeks to tap into the  financially excluded segment.

The launch of Lenderspark Finance comes at a time when an estimated 70% of the economy is now informal, with most of the currency in circulation being forex.

Speaking at the launch of Lenderspark last Friday, the microfinancier’s general manager Bernard Gambe said the company seeks to become a leading financial institution that promotes financial inclusion and drives economic growth locally.

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