The Na­tion­al En­tre­pre­neur­ship De­vel­op­ment Com­pa­ny Lim­it­ed (NED­CO) is boast­ing that due to its com­pet­i­tive loan of­fers, the State en­ter­prise is on an up­ward tra­jec­to­ry to sur­pass its $22 mil­lion loan dis­burse­ment tar­get for the fi­nan­cial year 2022/2023.

A re­cent press re­lease is­sued by the com­pa­ny stat­ed that its loan port­fo­lio qual­i­ty has im­proved sig­nif­i­cant­ly.

Es­tab­lished in 2002, NED­CO is man­dat­ed to pro­vide fi­nanc­ing to mi­cro and small en­ter­pris­es (MSEs) whose needs can­not be met by tra­di­tion­al lend­ing agen­cies.

Its pur­pose is to sup­port and fund all types of busi­ness­es ex­cept pri­ma­ry agri­cul­ture, fish­ing, gam­bling, bars, al­co­hol-re­lat­ed re­tail busi­ness­es, and re­al es­tate de­vel­op­ment.

“The loan port­fo­lio qual­i­ty has im­proved sig­nif­i­cant­ly due to the com­plet­ed and on­go­ing loan pro­mo­tions, on­go­ing client loan sup­port, and cred­it risk and re­cov­ery ef­forts. NED­CO is on an up­ward tra­jec­to­ry to sur­pass its $22 mil­lion 2022/2023 fi­nan­cial year loan dis­burse­ment tar­get,” the re­lease stat­ed.

The com­pa­ny point­ed out that it utilis­es a fair, con­sis­tent and ac­count­able loan man­age­ment process de­signed to sup­port its clients through­out their busi­ness growth.