Terms and Conditions – Katsaona Product Customer type Personal Segment Individual PRODUCT NAME KATSAONA Target Net One line holders Needs Access to a small loan for urgent use Lending model Mobile based Loan size Minimum $10 Maximum $50 Loan Tenor 30 days Collateral Mobile Usage Repayment frequency 1-30 days Repayment method…
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…
WOMEN and Youth Affairs Minister Sithembiso Nyoni says the much-awaited Women’s Bank is set to be opened before the end of next month. Mooted some years ago, the bank which is expected to provide financial support to women and Small and Medium Enterprises has on many occasions missed the opening deadlines with the latest being…
The opening of the much-awaited women’s bank, the Zimbabwe Women’s Microfinance Bank Limited (ZWMB), is drawing closer following its registration by the Reserve Bank of Zimbabwe (RBZ) in September 2017. The bank was registered in terms of Section 13 of the Microfinance Act which provides for the registration of microfinance institutions. This was revealed in…
Women in the extractive sector are buoyant that the soon to be operational Zimbabwe Women’s Microfinance Bank (ZWMFB) will positively impact on their entrepreneurial fortunes by providing sustainable project funding in this highly capital intensive sector. The Bank to be chaired by former Zimpapers chief executive officer Mathew Kunaka was initially set to be launched…
GOVERNMENT has approved plans to establish a Women’s Microfinance Bank this year. The project has been in the pipeline for the past six years. Through the 2017 National Budget, Finance and Economic Development Minister Mr Patrick Chinamasa proposed to allocate US$10 million for the capitalisation of the bank. Reserve Bank of Zimbabwe (RBZ) Deputy Governor…
