Windhoek, Namibia — Trustco Finance, a leading provider of microlending services in Namibia, has secured its annual microlending license renewal from the Namibian Financial Institutions Supervisory Authority (NAMFISA). This renewal, in compliance with the Microlending Act of 2018, enables the company to continue its vital role in Namibia’s financial services sector.
The annual license renewal process requires a rigorous assessment by NAMFISA, encompassing a comprehensive review of operational practices, compliance procedures, and client protection measures. Trustco Finance’s successful renewal demonstrates its ongoing commitment to meeting and exceeding regulatory requirements while maintaining the highest standards of corporate governance.
Adri Lambert, CEO of Trustco Finance, emphasized the significance of the renewal, “This license renewal reflects our commitment to ethical and sustainable lending practices, and we’re grateful for the continued trust placed in Trustco Finance. We look forward to another year of providing responsible financial solutions to help our clients achieve their goals. Since its acquisition in 2005, Trustco Finance has empowered over 165,000 Namibians with access to credit, contributing NAD 1.7 billion to Namibia’s financial ecosystem.
The renewal comes at a time when access to regulated financial services remains crucial for Namibia’s economic development. Trustco Finance has been instrumental in promoting financial inclusion and continues to expand financial access for Namibian clients.
About Trustco Finance:
Trustco Finance (Pty) Ltd, based in Windhoek, Namibia, is a leading microlender focused on advancing financial inclusion and empowerment through accessible, responsible credit solutions. As a investee of Trustco Group Holdings Ltd, Trustco Finance has grown from an initial portfolio of NAD 5 million in 2005 to over NAD 1.7 billion in credit extended. With a commitment to ethical lending and regulatory compliance under the Microlending Act of 2018, Trustco Finance aims to support the financial aspirations of individuals and communities while contributing to Namibia’s economic growth.
