ZWMB Outreaches To Women Country Wide

During the first year of operation, ZWMB has managed to open a record of more than 60 000 accounts. Several Value Chain financing activities have been embarked on for a variety of crops Castor bean, sesame, cotton sunflower and sorghum. This has impacted mainly the rural farmer in our drive for financial inclusion.

ZWMB BUSINESS CONDITIONS

Loan Type Amount Tenure Interest Rate Administration Fees Credit Life Insurance Savings  Requirement Joint Liability Group Loan (Individually and joint run projects) From $100 1 – 9 months 6% per month 6% up-front once off 1% 10% of loan amount required Micro Farming Loan (Inputs, tillage, harvesting etc) From $100 1 – 9 months 6%…

Women’s Bank To Finance Castor Bean Production

By Ndafadza Madanha Women’s bank to finance castor bean production IN a bid to economically empower women the Zimbabwe Women’s Microfinance Bank (ZWMB) has entered into a strategic partnership with Life Brand Agric Service for the production of castor bean. Women across the country are expected to benefit from the program through provision of seed,…

President opens Women’s Bank

President Mnangagwa yesterday launched the Zimbabwe Women’s Microfinance Bank in Harare where he announced that Government is working on permanent solutions to the current cash shortages. The bank is the first of its kind in the Sadc region and it will offer loans to women, youths and other small-scale businesses. President Mnangagwa, who was accompanied…