Business

NATSAVE takes charge of revolving fund

KALONDE NYATI, Lusaka
THE National Savings and Credit Bank (NATSAVE) has been engaged to set up and manage a K1 billion revolving fund on behalf of the National Housing Empowerment Fund (NHEF) as the real estate firm looks to empower the public with affordable housing and land. This follows a memorandum of understanding (MoU) between the two organisations that aims at ensuring the efficient processing of mortgage loans given to NHEF members and the public interested in buying plots, farms and housing units either through outright purchase or construction loans. The development comes at a time when NATSAVE is solidifying its plans to launch a mortgage product. NATSAVE acting chief executive officer Keith Hamusute said through the pact, the revolving fund will be set up by creating a product code where all accounts for individual members’ contributions will sit. The bank anticipates to  CLICK TO READ MORE



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