NPF’s credit bank approved
Quoting the Solomon Star newspaper – 15 November 2019
“MEMBERS of the Solomon Islands National Provident Fund (SINPF) will soon have access to loan and other credit scheme.
“This follows the granting of an interim license to Solomon Finance Limited (SFL) to operate banking service in the country.
“SFL is a subsidiary of SINPF, a statement from SINPF said.
“The interim license with conditions is valid for 12 months. It was granted on 1st November 2019 for the wholly owned SINPF subsidiary Solomon Finance Limited (SFL),” the SINPF statement said.
“The idea to establish a standalone institution is to provide loans for members. This came about after NPF Board closed member loan schemes in 2000 where members used to have access for urban homes, rural homes and furniture,” he said.”
Copyright @ 2019, Solomon Star News.