The Public Service Micro Finance Company has this year disbursed over 220 million Kwacha in loans, an increase from last year’s over 1-hundred and 33-million Kwacha.
Company Chief Executive Officer MUBANGA MWIKO has also revealed that the company in 2020 made over 13-million Kwacha profit with anticipation of an increase this year.
Mr. MWIKO says of the total loans, about 6.2 million Kwacha went towards the agriculture sector compared to last year’s 5 point 3 million Kwacha.
Meanwhile Mr. MWIKO has disclosed that the company is expecting to disburse more than 3-hundred million Kwacha worth of loans next year.
He said the loan recovery this year has been good compared to last year owing to challenges brought about by Covid-19.