The quarterly performance indicates an industry that has recorded substantial improvements in key areas of outreach, profitability, sustainability and portfolio quality. This is largely due to the rebound of lending activities, increased revenue streams as well as managed costs through the use of technology to improve efficiency and productivity.

2017 results with respect to outreach reflects a sector largely on a rebound with total disbursed loans for the year amounting to $197.2 million compared with $166.0 million in 2016, an increase by $31.2 million or 18.7%. This is inspite of the year 2017 being the period when interest ceiling of 10% interest rates by the Central Bank was introduced effective January 2017.

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Mustard Seed Advisory (MSA) is a development finance consulting firm providing technical support services to financial instituitions including banks, private companies, non-governmental organisations and international aid agencies. The company supports and builds capacity of financial instituitions by poroviding Market Research, Product Development, Instituitional Development and Human Capital Development.

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The Zimbabwe Association of Microfinance Institutions (ZAMFI) today used the occasion of their 3rd Annual Microfinance Sector Winter School in Kariba, to launch a regulatory review of their sector. The Winter School is taking place from 18 and 20 May under the theme “Tranversing the Microfinance Landscape”.