Update on Zimbabwe micro-finance 9-30-19

The past disbursed loans were successfully closed.  The target to have a book of more than 30 active client, has been delayed by the continued loss of value which have resulted in the increase in the average loan size and a decrease in the number of loans disbursed. The funding gap still translate to US$250 or ZWL$1800 notes. The inflation in the country has remained our number one enemy, with the economy having 2 market prices one for ZWL$ cash/notes and the other one for ZWL$ transfers.

The target market/clients have remained in Highfields high density suburbs the market consist of small entrepreneurs in different sectors of the economy, which does include fruits and vegetable vendors, tuck shops retailers, peanut butter producers, cloth flea markets and carpenters.

Thank you for your continued support, below are pictures of some of the clients business being funded.

 

November 15, 2019 · by  · in Projects, Rotation, Stories · Tags:

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