Platinum Credit gets ISO certification
May 13, 2021 Written by Ernest Jjingo
Platinum Credit, a microfinance company which provides emergency financial solutions to salaried and self-employed customers within 24 hours, has become the first microfinance institution in Uganda to receive the International Organization for Standardization (ISO) certification.
The certification confirms that the quality management system of Platinum Credit Ltd has been assessed and found to confirm to the requirement of ISO 9001:2015 for the provision of individual loans like civil servant loans, private sector loans, SME loans, log book financing and other financial services on non-deposit-taking credit.
While marking this milest
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MADURAI: The Federation of Private School Associations (FePSA) has written to Reserve Bank of India (RBI) governor Shaktikanta Das urging him to either write off the loans obtained by private schools or to extend the moratorium till normalcy returns.
According to federation president M Arumugam, the financial crisis is worsening by every passing day and that banks have started serving the auction notice to erring schools.
On Thursday, Simon, the correspondent of a school in Cuddalore district, informed the federation that the private bank from which he borrowed Rs 1 crore had served the auction notice. “He repaid Rs 25 lakh in a year but could not pay since the lockdown. There are at least a handful of schools known to me in Madurai that face the plight but have not spoken about it as they want to maintain their dignity,” he said.
As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges
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President Biden has two more multitrillion-dollar packages, including a $2.3 trillion infrastructure proposal that would require an entirely new system of oversight safeguards.Credit.Doug Mills/The New York Times
May 13, 2021, 5:00 a.m. ET
WASHINGTON Lawmakers have unleashed more than $5 trillion in relief aid over the past year to help businesses and individuals through the pandemic downturn. But the scale of that effort is placing serious strain on a patchwork oversight network created to ferret out waste and fraud.