Saturday, 29 Nov 2025 at 17:23
💼 Empowering financial entrepreneurs: Buso Consulting Services helped 20 Cash-Loan Businesses become fully licensed in 2025!
💼 Empowering financial entrepreneurs: Buso Consulting Services helped 20 Cash-Loan Businesses become fully licensed in 2025!
As part of our commitment to strengthening entrepreneurship and financial inclusion in South Africa, Buso Consulting Services is proud to announce that we successfully assisted 20 entrepreneurs in 2025 to formalize their cash-loan businesses through complete NCR (National Credit Regulator) applications. 20 entrepreneurs are now fully licensed credit providers; compliant, operational and ready to grow.
In addition, 5 more entrepreneurs have already been recommended for approval and we are awaiting for their final NCR licensing confirmation.
This achievement reflects Buso Consulting Services’ mission of enabling small businesses to operate legally, professionally and sustainably.
⭐ Why Formalizing Cash-Loan Businesses matters?
The cash-loan and micro-lending sector plays a powerful role in supporting communities, especially in townships and rural areas, where access to traditional banking can be limited. However, operating without proper licensing exposes entrepreneurs to:
Legal risks
Regulatory penalties
Inability to open business accounts
Difficulty accessing funding
Loss of customer trust
By helping business owners formalize their operations, we ensure they can run credible, ethical and fully compliant lending businesses, strengthening both their sustainability and the communities they serve.
🔍 Our Support process for entrepreneurs
Buso Consulting Services has developed a proven, step-by-step process that guides entrepreneurs from informal lending to full NCR compliance.
1️⃣ Business assessment & compliance check
We begin by analyzing the entrepreneur’s business model, lending practices and financial capability to determine the right NCR category.
2️⃣ Full NCR application support
We prepare:
NCR CP Registration forms
Compliance documentation
Required supporting documents
Financial statements
Business processes
Credit policies and procedures
We also assist with uploading and tracking applications on the NCR portal.
3️⃣ Business Documentation
Each entrepreneur receives:
Credit Agreement
Affordability Assessment templates
Pre-agreement disclosures
Collections SOP
Compliance file
Governance documents
4️⃣ Post-approval onboarding
Once approved, we assist them with:
Systems setup
Record-keeping
Monthly compliance
Advertising guidelines
Consumer protection requirements
This ensures they begin trading legally and responsibly.
🌍 Impact in communities
The entrepreneurs we assisted are now able to:
Operate without fear of penalties
Access business banking and funding opportunities
Offer fair and transparent credit to clients
Create employment in their communities
Grow their micro-lending operations sustainably
Formalization contributes directly to economic development, consumer protection and financial inclusion, especially for low-income households who depend on short-term credit.
🚀 2026 Outlook: Scaling impact
Having empowered 20 entrepreneurs in 2025, Buso Consulting Services aims to assist at least 50 more in 2026. With 5 additional applications already recommended for approval, we are accelerating our impact in:
Butterworth
East London
Mdantsane
Mthatha
Queenstown
Mt Frere
Alice & surrounding rural towns
Our vision is to be the leading support partner for NCR registrations and compliant credit operations in the Eastern Cape and nationwide.
💛 A message from Buso Consulting Services
We celebrate every entrepreneur who trusted us to walk this journey with them. Their success strengthens our communities and builds a more financially empowered South Africa.
We remain committed to offering:
Professional compliance services
Clear guidance
Affordable support
Ethical business development
Together, we are formalizing the future of micro-lending.
Author : N Xama
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