Tshelete Thuso is financial institution that has been in existence since 1994 and the renowned firm has served its clients with pride and dignity for 18 years. The firm started off in the Southdale shopping Centre and where their first office is still active in its original location. Tshelete is working on opening another branch in Midrand.
The company faced a big competition owing to many accumulating finance lending firms in Midrand; this occurred in the early days of Cash Loans and at that time you could find a cash loan facility on every corner. There were over 30 cash loans in the Midrand CBD when Tshelete was established and the company isone of the founder members of the MFSA that started to regulate the industry. In early 2000, the credit regulator came into effect and a lot of business fell ou of favor with the new system and ended up shutting down businesses. During that time, Tshelete did not hesitate to register with the regulator and comply with the rules of the NCR.
Tselete was one of the first companies to implement the Nu-pay system of collecting payment from clients. The company’s clients are its most vital asset thus it consider them before it makes any business decisions. Tshelete clients are a lot more than just numbers; the firm has a massive client base that supports the business.
Even with massive competition from the large banks, Tshelete still manages to grow its business. The company’s simple concept is to put its clients first. Help – but stick to the rules of the NCR and don’t allow people to exceed the debt that they can manage to pay for. The company is unique in the sense that it only does payday advance loans. Its clients have a range of options regarding how they want the money paid out to them. Tshelete recognises each client’s unique requirements, putting them first.
The financial firm embarked on a strategy to expand it’s business model to other areas where there is a need for professional services with the human touch.