His Majesty King Mswati III has commended Eswatini Development Finance Corporation (FINCORP) for a job well done.
This was during the ongoing Eswatini International Trade Fair (EITF) 2023 at the Mavuso Exhibition and Trade Centre in Manzini.
The King visited FINCORP’s stand on Saturday during the official opening of this year’s edition of the trade fair and was addressed by FINCORP Group Managing Director Dumisani Msibi.
When briefing the King, Msibi highlighted that currently, the company has disbursed over E1.5 billion which is in the hands of Emaswati who are developing themselves.
Msibi further disclosed that the company which was launched by His Majesty, King Mswati III in 1995 has in recent years formed two subsidiaries namely, First Finance Company which offers general purpose loans, and Finsure Assurance Limited.
“We continue to be driven by our mandate which is to empower Eswatini citizens through the provision of meaningful access to credit, job creation, and poverty alleviation,” said Msibi.
In response to this briefing, the King invited those who had joined him for the tour of stands at the EITF to give FINCORP a round of applause for a job well done. “May we please give FINCORP a round of applause for a job well done,” he said.
FINCORP is exhibiting at the trade fair alongside its two subsidiaries, First Finance Company and Finsure Assurance Limited.
FINCORP Group Managing Director Dumisani Msibi has invited the public to visit the FINCORP stand and find out how they can be assisted either for business or general-purpose finance.
FINCORP offers products such as; Micro-Loans, Working Capital Loans, Order Finance, Line of Credit, Agribusiness and Sugarcane Loans, Asset Lease Finance, Acquisition of Business on Title Deed Land, Property Loans, SME Housing Loans, and Empowerment Loans.
First Finance primarily offers Short-Term, Medium-Term, and Long-Term personal loans. These can be educational loans, home improvement loans, emergency loans, debt consolidation, car loans, and invoice discounting.
Finsure Assurance Limited offers Long-Term Insurance with a significant proportion being Credit Life Insurance. However, in the not-so-distant future, Finsure intends to operate as a fully-fledged Short-Term and Long-Term insurance company.