• Certified Copy of ID
• Current payslip
• One passport photo
• 3 months bank statements
• Letter of confirmation of employment and proof of residence
• Collateral

Loan Terms
• Interest Rate 4% Per Month (Reducing Balance); Admin (Upfront) 4%, Insurance (Upfront) 1%
• Tenor 1 – 24 months

Account Opening Requirements

• Certified copy of national registration passport/driver’s license
• Proof of residence for signatories
• Club/Group resolution to open an account and the constitution
• 2 Passport size photos for signatories
• Account minimum balance $50
• Initial account opening deposit $50

Loan Requirements

 

  • Compulsory Savings 10% of loan amount required
  • Group Constitution (Signed by Board Members)
  • Proof of Residence (not more than 3 months old)
  • Passport size photos
  • Copy of IDs of signatories
  • Project past Performance Records
  • Self-selected group of 5-9 members
  • Certified Copy of ID
  • Current payslip
  • One passport photo
  • 3 months bank statements
  • Letter of confirmation of employment and proof of residence

Loan Terms

  • Interest Rate 4% Per Month (Reducing Balance); Admin (Upfront) 4%, Insurance (Upfront) 1%
  • Tenor 1 – 24 months

ORDER FINANCE – REQUIREMENTS

  1. Open an account with ZWMB
  2. Compulsory savings requirement of 10% of loan amount required.
  3. Company Profile accompanied by an application letter stating the amount required, period, purpose and proposed collateral security; letter should incorporate a viability statement showing the profitability of the order, transport/freight costs and loan costs;
  4. Documents confirming existence of products from supplier/Pro-forma invoice from supplier with banking details
  5. Letter of undertaking from buyer to pay direct to the Zimbabwe Women’s Microfinance Bank Ltd (ZWMB)
  6. Completed Business Loan Application Form
  7. Company Registration Documents (CR14, Certificate of Incorporation, Memorandum & Articles of Association)
  8. Photocopies of Directors IDs, Passport Size Photos & Current Proof of Residence (must not be more than 3 months old)
  9. Tax Clearance Certificate
  10. Financial Statements/Management Accounts
  11. 3-6 Bank Statements
  12. Details/Copies of Contracts or Orders at Hand
  13. Copies of Previous Orders/Contracts
  14. Resolution to Borrow signed by all Directors
  15. Details of Proposed Collateral – Title Deeds Required for Amounts Above $5,000.00 (Movables will be considered on a case by case basis)

(Valuation Report will be required for amounts above $10,00.00)

 

Contact Our Sales Team:

Ground Floor Trust Towers Building 56-60 Samora Machel Avenue

Corner J Nyerere Way & Samora Machel

      Harare

+ Consumer Loans Requirements

• Certified Copy of ID
• Current payslip
• One passport photo
• 3 months bank statements
• Letter of confirmation of employment and proof of residence
• Collateral

Loan Terms
• Interest Rate 4% Per Month (Reducing Balance); Admin (Upfront) 4%, Insurance (Upfront) 1%
• Tenor 1 – 24 months

+ Group Club Savings Account

Account Opening Requirements

• Certified copy of national registration passport/driver’s license
• Proof of residence for signatories
• Club/Group resolution to open an account and the constitution
• 2 Passport size photos for signatories
• Account minimum balance $50
• Initial account opening deposit $50

+ Joint Liability Group Loan

Loan Requirements

 

  • Compulsory Savings 10% of loan amount required
  • Group Constitution (Signed by Board Members)
  • Proof of Residence (not more than 3 months old)
  • Passport size photos
  • Copy of IDs of signatories
  • Project past Performance Records
  • Self-selected group of 5-9 members
+ SSB Loans Requirements
  • Certified Copy of ID
  • Current payslip
  • One passport photo
  • 3 months bank statements
  • Letter of confirmation of employment and proof of residence

Loan Terms

  • Interest Rate 4% Per Month (Reducing Balance); Admin (Upfront) 4%, Insurance (Upfront) 1%
  • Tenor 1 – 24 months
+ Order Finance

ORDER FINANCE – REQUIREMENTS

  1. Open an account with ZWMB
  2. Compulsory savings requirement of 10% of loan amount required.
  3. Company Profile accompanied by an application letter stating the amount required, period, purpose and proposed collateral security; letter should incorporate a viability statement showing the profitability of the order, transport/freight costs and loan costs;
  4. Documents confirming existence of products from supplier/Pro-forma invoice from supplier with banking details
  5. Letter of undertaking from buyer to pay direct to the Zimbabwe Women’s Microfinance Bank Ltd (ZWMB)
  6. Completed Business Loan Application Form
  7. Company Registration Documents (CR14, Certificate of Incorporation, Memorandum & Articles of Association)
  8. Photocopies of Directors IDs, Passport Size Photos & Current Proof of Residence (must not be more than 3 months old)
  9. Tax Clearance Certificate
  10. Financial Statements/Management Accounts
  11. 3-6 Bank Statements
  12. Details/Copies of Contracts or Orders at Hand
  13. Copies of Previous Orders/Contracts
  14. Resolution to Borrow signed by all Directors
  15. Details of Proposed Collateral – Title Deeds Required for Amounts Above $5,000.00 (Movables will be considered on a case by case basis)

(Valuation Report will be required for amounts above $10,00.00)

 

Contact Our Sales Team:

Ground Floor Trust Towers Building 56-60 Samora Machel Avenue

Corner J Nyerere Way & Samora Machel

      Harare

Loan Requirements

  • Proof of Residence (not more than 3 months old)
  • Passport size Photos
  • Copy of IDs for Directors
  • Past Performance Records
  • 6 months Bank Statement
  • Cashflow Projections
  • Credit worthy Guarantor
  • Reference for Directors and Company
  • Registration Documents (Articles and Memos, CR14, CR6, Deed of Partnership, Constitution, Trust Deed)
  • Tax Clearance
  • Company Profile
  • Resolution to Borrow signed by all Directors
  • Operating License from Local Authorities

Collateral (e.g. guarantors, motor vehicle, title deeds)

Account Opening Requirements

  • Proof of Residence (not more than 3 months old) for each Director/Signatory
  • 2 Passport sized photos for each Director/Signatory
  • Copy of ID/Passport/Driver’s licence for each Director/Signatory
  • CR 14 and CR 6
  • Tax clearance to open an account
  • Memorandum and Articles of association
  • Certificate of incorporation
  • Account minimum balance $50
  • Initial account opening deposit $50
+ SME Loan requirements

Loan Requirements

  • Proof of Residence (not more than 3 months old)
  • Passport size Photos
  • Copy of IDs for Directors
  • Past Performance Records
  • 6 months Bank Statement
  • Cashflow Projections
  • Credit worthy Guarantor
  • Reference for Directors and Company
  • Registration Documents (Articles and Memos, CR14, CR6, Deed of Partnership, Constitution, Trust Deed)
  • Tax Clearance
  • Company Profile
  • Resolution to Borrow signed by all Directors
  • Operating License from Local Authorities

Collateral (e.g. guarantors, motor vehicle, title deeds)

+ SME Savings Account

Account Opening Requirements

  • Proof of Residence (not more than 3 months old) for each Director/Signatory
  • 2 Passport sized photos for each Director/Signatory
  • Copy of ID/Passport/Driver’s licence for each Director/Signatory
  • CR 14 and CR 6
  • Tax clearance to open an account
  • Memorandum and Articles of association
  • Certificate of incorporation
  • Account minimum balance $50
  • Initial account opening deposit $50

• Compulsory Savings: 10% of Loan Amount
• Proof of Residence (not more than 3 months old)
• Passport size Photos
• Certified Copy of IDs
• Past Performance Records
• 3-6 months Bank Statement
• Projections
• Operating License from Local Authorities

Guarantor
• Certified Copy of ID
• Passport Sized Photo
• Proof of Residence
• Current Payslip
• Confirmation of Employment
3 Months Bank Statement or Pledge of Assets

Additional Points to Note
• Access to Medical Aid Insurance
• Individual should own a running business, which has been operating for not less than 6 months.
• Must be a Zimbabwean adult (from 18yrs and above).
• Collateral security should cover the loan 1.5 times

Loan Terms
• Interest Rate 4% Per Month (Reducing Balance); Admin (Upfront) 4%, Insurance (Upfront) 1%
• Tenor 1 – 24 months

Certified copy of national registration/ passport/driver’s license.

  • Proof of Residence (not more than 3 months old)
  • 2 Passport sized Photos
  • Initial account opening deposit $5.00
  • Account minimum balance $5.00
+ Micro-Enterprise/Business Loan Reqirements

• Compulsory Savings: 10% of Loan Amount
• Proof of Residence (not more than 3 months old)
• Passport size Photos
• Certified Copy of IDs
• Past Performance Records
• 3-6 months Bank Statement
• Projections
• Operating License from Local Authorities

Guarantor
• Certified Copy of ID
• Passport Sized Photo
• Proof of Residence
• Current Payslip
• Confirmation of Employment
3 Months Bank Statement or Pledge of Assets

Additional Points to Note
• Access to Medical Aid Insurance
• Individual should own a running business, which has been operating for not less than 6 months.
• Must be a Zimbabwean adult (from 18yrs and above).
• Collateral security should cover the loan 1.5 times

Loan Terms
• Interest Rate 4% Per Month (Reducing Balance); Admin (Upfront) 4%, Insurance (Upfront) 1%
• Tenor 1 – 24 months

+ Account Opening

Certified copy of national registration/ passport/driver’s license.

  • Proof of Residence (not more than 3 months old)
  • 2 Passport sized Photos
  • Initial account opening deposit $5.00
  • Account minimum balance $5.00