Pre-eminence Financial (Closed) Corporation Strategic Plan for the period 2023 – 2026 lays forth our goals and the high-level strategic actions and methods that will be taken to attain them. In order to guarantee that our financial services business is stable and that consumers are protected, Pre-eminence Financial (Closed) Corporation strives to strike a balance between all of these goals. The business operational effectiveness, stakeholder involvement, and innovation are the three main aspects of this strategy.

To stay up with best practices in the Non-Banking Financial Institutions (NBFI) regulatory and supervisory sector Pre-eminence Financial (Closed) Corporation will be starting a reformative journey with a focus on modernized laws and regulations. This strategy aims to ensure that we’re fully compliant with the Microlending Act, 2018 (No. 7 of 2018) and the Namibia Financial Institutions Supervisory Authority Act, 2001 (No. 3 of 2001), Namibia Financial Institutions Supervisory Authority Act, 2021 (No. 3 of 2021), Usury Act, 1968 (No. 73 of 1968) are properly implemented, and that the Risk-Based Approach to Supervision allows Pre-eminence Financial (Closed) Corporation to more effectively use its limited resources and concentrate on the key risks pertaining to the sector.

The key areas of focus and concern are:

• Regulatory and Supervisory Effectiveness
• Financial Sustainability and Profit Maximization
•  Pace of Systems Improvement
• Industry Exposure and RBS Skills
• Work Culture

These focus areas will in turn create a great foundation in executing the upcoming three-year strategy.

Pre-eminence (noun) is best defined as the fact of surpass all others; superiority. Hereby founded on the 15th of May 2019 the name of is chosen due to the profoundness in terms of it’s definition inaugurating our official company name Pre-eminence Financial (Closed) Corporation where we believe in 360° Financial Solutions “tm”  registered in terms of the Micro-lending Act, 2018 (No. 7 of 2018) and the Namibia Financial Institutions Supervisory Authority Act, 2001 (No. 3 of 2001), Namibia Financial Institutions Supervisory Authority Act, 2021 (No. 3 of 2021), Usury Act, 1968 (No. 73 of 1968).

Pre-eminence also intends to have the functions to provide, fund, promote or otherwise support toward client education, client awareness and client confidence in regards to client rights, moreover financial services.

Pre-eminence’s three-year Strategy 2023 – 2026 is structured by our mandate to:

• Promote our digital lending platform, which is intended to be an efficient and stable non-banking financial sector that will contribute to the growth of the Namibian economy,
• Build certitude & credence within the sector of non-banking institutions,
• Effectively enhance our regulatory obligations and supervision over our micro-lending functions,
• Ensure fair treatment on agreements and cyber protection of our clients of which financial services are offered to,
• Promote massive awareness of our financial products doing so with an additional benefit of provided financial education,
•  Harness sustainable control over market shares within the non-banking financial sector.

Mission

We are a dedicated team focused on bringing financial technology in terms of sophisticated digital lending platform capabilities to offer our clients affordable loans by building our business on honesty, transparency and trust.

Vision

Our vision will forever remain, 360˚ Financial Solutions ™ aligning our company toward contributing to the economic development of Namibia in which our client are protected.

• Teamwork

   We all feel a sense of urgency to realize our vision.

  We help, respect, and care for one another, and we share accountability for our deeds.

  We understand that a talented, diversified, and well-coordinated team dedicated to the highest standards of honesty, grit, collaboration, and communication is necessary for success.

• Accountability

   Our stakeholders and clients hold us responsible.

   When it comes to resource management, we exercise caution.

   We accept responsibility for our choices.

• Service Excellence      

  We adhere to operate and supervise with perfection.

  We deliver on-time, high-quality service.

  We are respectful, considerate, and professional.

• Integrity

  We promise to operate and supervise with perfection.

  We deliver on-time, high-quality service.

     We are respectful, considerate, and professional.

• Agility

  We pledge to remain flexible in the face of a shifting environment.

  We pledge to accept change while upholding regulatory certainty.

    We promise to develop original solutions.

Flexible lending

In contrast to other lenders, we let you specify to the very last penny how much money you want to borrow for how many days. We don’t make you take out a loan for a certain amount that you might not need, and we don’t make you pay interest longer than is required. You can make revisions until you are satisfied with all aspects of your application because the amount you request and the term of the loan naturally impact the cost of repayment as well. Pre-eminence allows borrowers to make reasonable monthly repayments on personal loans for up to five months.

Short Term Cash

As opposed to a credit card or overdraft, you must make a commitment to paying off your Pre-eminence loan as soon as possible. The following time you want emergency cash, you can utilize our service once more. We don’t earn money by repeatedly offering you a bigger line of credit; we only gain money when you pay us back on time. Preeminence doesn’t continuously carry over your balance from one month to the next, and we only authorize short-term extensions when we believe it is in your best interests.

Transparent Services

Before you apply, we compute the entire amount that must be repaid and present you with the data in full. To make everything completely obvious, we mention both the interest and the total cost, and we also never alter the rate we charge. Costs can only go up if you don’t keep your end of the bargain.

Credit Checks

Because there is no need to fax paperwork or wait on hold for hours, Pre-eminence differs from other online lenders in this regard. We have a comprehensive credit reference system, so both the application and payment are done totally online. We can quickly evaluate loan applications thanks to our technology, and we only lend to borrowers we think will be able to repay us. We have no interest in doing business with anyone who cannot. When you repay an online cash advance from Pre-eminence, your credit history may also improve because we do a credit check as part of the application procedure. That’s because we let our credit bureau partner know about your reliable behavior and prompt repayment of any debt.