National Building Society (NBS) brings relief to SMEs
Small businesses that have been facing nightmares in mobilising for capital are likely to have a huge relief after the National Building Society (NBS), a subsidiary of National Social Security Authority (NSSA), launched a financing suite targeting small-to-medium enterprises (SMEs).
Speaking on Monday, NBS head of marketing Mildret Kujinga said the new financing package was developed for small businesses.
“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 help 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.
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 their innovation with the NBS suite and also carry out traceable business banking with the Society,” she said.
NBS has ramped up its digital offerings, which are key to creating business banking operating efficiencies specially crafted to meet the diverse needs of SMEs.
In pursuit of establishing empowered communities, the bank has rolled out digital platforms which will aggregate as a digital market place where sellers and off takers interact as well as exchange of payments all happening on the NBS banking ecosystem.-ebusinessweekly.cl.zw
