Lending company launched in East Sepik

 A SMALL lending company has introduced a new financial service to the people of Maprik, East Sepik.

Crazy Finance introduced its cash withdrawal service that will enable customers to withdraw up to K5000 from funds held in their respective bank accounts.

Director Jeromu Narimole said the service was convenient and accessible to the people who often found it difficult to withdraw large amounts of money from bank agents.

“So what we are doing at the moment is we are establishing a cash withdrawal service through a bank EFTPOS,” Narimole said.

“The service is mobile so the locals can be able to find us easily in any location in the area.

“We have had good response from bank customers who often had to queue up in long lines at the banks to withdraw large amounts of money.

“They have found our service more convenient and accessible which is what we want to achieve,” he said.

Narimole said although there were risks involved wit h the movement of cash in a mobile service, it was one of which he was willing to take because of the demand for the service.

“There’s lot of financial services that competing in lending but cash withdrawal service is an issue.

“People in some areas have to travel long distances just to get that service.

“Small businesses like us are trying to bring across services to remote areas but we need the support of the government because we are not in a position to accommodate everybody.”