Business / Companies
Ripple Capital remembers youths
3 hrs ago |
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Ripple Capital Microfinance says it is offering affordable loans to young entrepreneurs as part of efforts to support youth‑led businesses and promote economic empowerment.
Ripple Capital managing director Zorodzai Mutumbwa said the organisation provides working capital, as well as business and financial advisory services tailored for young people.
"We assist youths with working capital and business and financial advice. Our loans are very affordable and easy to access as we do not require a lot of paperwork such as financial statements or detailed business plans.
"We only require collateral commensurate with the amount required, such as business stock, equipment, vehicles, stands or houses. We also assist unregistered businesses as we aim to grow together with them," Mutumbwa said.
He added that Ripple Capital supports youths across various sectors of the economy.
"Examples of youth we have helped are in vending, mining, poultry, grocery, construction and many other industries. Our service is quick — loans are usually approved in less than three hours, with no hidden charges. We also help those struggling with over‑indebtedness through advisory and consolidation," he said.
Business analyst Tafadzwa Musarara (Junior) said young people must be informed about available financial opportunities to maximise their potential.
"Youth should be informed about financial opportunities they can tap into to ensure they maximise their potential in their respective markets.
"Financial institutions such as Ripple Capital are beneficial because they offer more than just financial services — they foster good relationships, which are key to doing business. This is important for growing the economy, as young people make up a large demographic. It is crucial that more youths get involved in entrepreneurship and receive proper support," Musarara said.
Ripple Capital is also encouraging women entrepreneurs to approach the institution for favourable financial products.
Ripple Capital managing director Zorodzai Mutumbwa said the organisation provides working capital, as well as business and financial advisory services tailored for young people.
"We assist youths with working capital and business and financial advice. Our loans are very affordable and easy to access as we do not require a lot of paperwork such as financial statements or detailed business plans.
"We only require collateral commensurate with the amount required, such as business stock, equipment, vehicles, stands or houses. We also assist unregistered businesses as we aim to grow together with them," Mutumbwa said.
He added that Ripple Capital supports youths across various sectors of the economy.
"Examples of youth we have helped are in vending, mining, poultry, grocery, construction and many other industries. Our service is quick — loans are usually approved in less than three hours, with no hidden charges. We also help those struggling with over‑indebtedness through advisory and consolidation," he said.
Business analyst Tafadzwa Musarara (Junior) said young people must be informed about available financial opportunities to maximise their potential.
"Youth should be informed about financial opportunities they can tap into to ensure they maximise their potential in their respective markets.
"Financial institutions such as Ripple Capital are beneficial because they offer more than just financial services — they foster good relationships, which are key to doing business. This is important for growing the economy, as young people make up a large demographic. It is crucial that more youths get involved in entrepreneurship and receive proper support," Musarara said.
Ripple Capital is also encouraging women entrepreneurs to approach the institution for favourable financial products.
Source - Byo24News
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