Sundaymail Editor
Online Reporter
The National Building Society (NBS), a subsidiary of the National Social Security Authority (NSSA) has launched financing suite that will meet the specific needs of small-to-medium enterprises in the country.
Speaking at the official launch on Monday, NBS head of marketing Ms Mildret Kujinga said the new SMEs financing was developed with small business players in mind.
“Through the SME Value Chain Financing, NBS seeks to confront and address the financial challenges faced by SME in their day to day running of business.
“We have done our research as a society and today we avail a suite which will offer disruptive financial solutions that will helps our SMES grow.
“Our product offering takes care of the SMEs key business pillars such as improving SMEs’ liquidity position, digitalisation of SMEs business platforms and providing financial literacy and investment opportunities, we are launching a home that will incubate their projects into becoming market leaders of this economy and beyond,” she said.
“NBS appreciates the distinctiveness of the SME sector as well as the unique needs of its individual businesses. That is why we have defined three account classes namely Silver, Gold and Platinum. The segmentation is key to us it enhances our appreciation of the worth, significance and uniqueness of each business class,” she said.
Ms Kujinga added that SMEs using the suite can access affordable mortgages from the financier.
“We are in pursuit of building communities and NBS is set to prioritise SMEs on housing delivery projects.
“We have bespoke mortgage products that will enable a good number of Zimbabwean entrepreneurs to secure homes with an NBS account as long as they log in with the NBS suite and also carry out traceable business banking with the Society.
NBS has ramped up its digital offerings, which are key to creating business banking operating efficiencies designed to meet the diverse need of SMEs.
In pursuit of establishing empowered communities, the bank has rolled out digital platforms that will aggregate as a digital market place, where sellers and off-takers interact as well as exchange of payments can take place on the NBS banking ecosystem.
Recently, the NSSA subsidiary published its six months financials, which showed a strong balance sheet.
NBS’s balance sheet grew by 40 percent to $3,8 billion during the half-year to June 30, 2021, from $2,7 billion as at the end of last year, a development management attributed to a 100 percent increase in deposits.
Online Reporter