GETBUCKS says its profit after tax for the year ended June 30, 2018 went up by a significant 25 percent to $4,5 million on the back of smart loan servicing. The lender’s chairman Rungano Mbire said “the growth was driven by lower impairments of $0,2 million, from $1 million in 2017 and reduced operating expenses of $6,1million, from $6,7 million in 2017”. “Impairments improved significantly due to better repayment collection efforts, increased collection channels and improved credit scoring models,” he said in the firm’s financials for the period under review. “Operating expenses declined as management fees decreased due to continued localisation of services that were being obtained from our group,” Mbire said. During the period, Getbucks’ staff costs, however, increased…