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Firstcred reports first rate profits


Future looks bright as micro-financer expands to four African countries

Botswana-based micro-finance institution, FirstCred Limited reported a major jump in profits for the financial year ended 31 December 2020.

The results were mainly bolstered by the acquisition and consolidation of a 52 percent interest in Finclusion Africa (Finclusion), expanding the Group’s footprint across four African countries.

This also paved the way for strong growth plans, which include the introduction of SMME and other loan products as well as building towards the ultimate evolution of offering all servic...

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