BASSETERRE, St. Kitts – FINCO, a subsidiary of TDC Group of Companies, yesterday (Apr. 25) gave back to its customers through its ‘Customer Appreciation Day’ which coincided with the company celebrating its 20th Anniversary.
With its Bank Street office sporting balloons and other decorations, customers of the lending agency were surprised to know that the company was celebrating their appreciation.
SKNVibes Business visited the entity and was greeted with the bright smiling faces of staff members who informed that the company was celebrating its anniversary and its customer.
SKNVibes Business, a representative explained that the company has over the years, since its opening, had diversify its product offering to individuals who may need financing.
“So, today the St. Kitts-Nevis Financial Company Limited is celebrating its 20th Anniversary on this very same day they opened their doors two decades ago to provide financial services. We have diversified our product offering to offer loans of all sorts and we have a very unique savings programme.”
The representative added that with its unique saving products being offered on the market called the “Accumulator” and the “Accumulator Plus”, they help individuals to save and also to acquire unsecured loans for whatever need they may be.
“Of the 20-year span that we have been in business, we can see that we have opened our services to cater to the needs and various other needs of the market,” the representative said.
What FINCO offers?
The St. Kitts-Nevis Financial Company Limited is not a banking institution, but one of several unsecured loan lending agencies within the Federation.
This agency has set itself apart from the rest since it allows individuals a wider scope of the usage of the loans with not many restrictions as others do apply.
“We are not a bank, we are not a credit union but we are a financial institution where we offer loans. Here we also offer a unique savings plan, which is the Accumulator and the Accumulator Plus. These loans can be used for vacations, home renovations, mortgages, student loans, to do financing and a lot of other stuff,” the representative explained.
The representative noted that they are apart from the commercial banks because “we don’t do checking accounts, we don’t do saving accounts, we don’t do credit and debit cards. We are a financial institution which provides financial solutions to the public at large and we are regulated by the Central Bank.
Challenges the company faces
The company only recently began to face major challenges caused by the global economic downturn, the representative noted, adding that unemployment was also a key challenge the institution faced and stiff competition from fellow competitors.
Corporate responsibilities
The institution has over its 20-year existence flexed its muscles from the perspective of its corporate responsibilities by donation to institutions and national events for the enhancement of the youth development.
“We have given back to a number of learning institutions and we are one of the sponsors of the National Primary School Drama Festival. We have also given back to sports and we have contributed to the elderly as well as the youths,” the representative said.
The institution however still has requirements that individuals would have to provide before acquiring loans, such as job letters, pay slips, two pieces of identification and a recent bank statement.
For the appreciation day, customers were given the chance to win themselves “eight percent interest, $200 Accumulator Voucher, unsecured loans and 1 000 mega reward points”.
