Microfinance sector dumps local currency

In the first quarter of 2024, the United States dollar loan portfolio in Zimbabwe's microfinance sector surged by nearly 8% to reach US$48.63 million, up from US$45.1 million in the previous quarter. ...

RBZ establishes collateral registry

THE Reserve Bank of Zimbabwe (RBZ) is working with BSystems Limited of Ghana to operationalise the collateral registry system by year end, after the apex bank awarded the company the tender for the da...

Micro-finance credit rises 26,4%

CREDIT from micro-finance institutions in the second quarter of 2019 increased by 26,4% to $316,3 million from the previous quarter's $250,1 million due to an increase in productive loans.A Zi...

RBZ call to move to productive loans bears fruit

THE Zimbabwe Association of Microfinance Institutions (Zamfi) has applauded its members' efforts to adhere to the Reserve Bank of Zimbabwe's calls to promote productive loans rather than consumer lend...

Nust partners ZAMFI to offer microfinance, entrepreneurship skills

THE National University of Science and Technology Centre of Continuing Education (Nust-CCE) has partnered with The Zimbabwe Association of Microfinance Institution (ZAMFI) to offer microfinance and en...

Zimbabwe banks fret over livestock

Zimbabwean banks are negotiating with the Finance ministry over a Bill that proposes the use of livestock as collateral for loans.The Movable Property Security Interests Bill would provide a f...

Cash crunch affects MFIs

The prevailing cash crunch besetting the country has not spared micro finance institutions (MFIs) as clients are forgoing loan repayments, an official has said. Zimbabwe Association of Micro-finan...