By Martin Mawaya
Gweru based finance company Tinrue Finance Pvt Ltd has come to the rescue of distressed property owners and home seekers who have been struggling to clear their debts since the Covid-19 induced lockdown.
The company has put in place a Covid-19 package to assist residents who have been financially incapacitated by the Covid-19 pandemic that led to some companies downsizing its workforce and rendering most people out of employment.
The pandemic has culminated with the closing down of the small to medium enterprises who are the beneficiaries of the housing stands of which some have already started developing.
Tinrue Finance gesture comes at a time when the government appealed to the private sector to partner and assist the vulnerable communities with different Covid-19 relief packages as a way of cushioning them against the effects of the lockdown induced pandemic.
Tinrue Finance Chief executive officer, Mr Nyasha Gonese, said the company has come up with a funding package to help clients to settle their debts to local housing developers and companies through affordable loans facility.
“Tinrue is advancing affordable loans through debt factoring to affected persons so that they will not be in danger of losing their stands or house due to challenges of settling monthly payments during the Covid-19 period.
“We have put in place this intervention strategy after noted the effects of Covid-19 on the finances of ordinary people both in the formal and informal sector. Instead of losing property back to the seller, we come in and settle the debt and arrange a flexible payment plan,” said Mr Gonese.
Mr Gonese said they are supporting government efforts to ensure there
is access and cheaper housing for all citizens.
“We have taken this route towards assisting businesses and individuals
as a way of complimenting government programmes to rescue businesses
and ordinary citizens through variety of stimulus packages such as this one,” he said.
Tinrue Finance is part of the TM group of companies that is involved in health services, agriculture, information communication and technology, construction and housing in different parts of the country.