ZIMBABWE ASSOCIATION OF
MICROFINANCE INSTITUITIONS
creating sustainable microfinance
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.
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”.
Extensive experience in Financial Inclusion Solutions spanning over 25 countries in 4 continents.
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.
For more information kindly download our company profile:
Read More
Microfinance outreach for the quarter ending March 2018 was $115.6 million forcredit only MFIs that are members to ZAMFI, an increase by 17.1% from the outreach figures reported in December 2017 of $98.7 million. Inspite of the increase, the number of active borrowers has decreased from 173 348 clients to 165 450, an indication that MFIs have increased their average loan per person.
Read More
ZAMFI notes that the first half of the year has been a difficult period for the microfinance sector on account of many challenges bedeviling the sector which could potentially spillover into the second half. The top five challenges of great concern to the sector included high cost of funding, shortage of cash & foreign currency, a general rise in cost of operations, limited product development and the perceived high country risk.
Read More
The total assets for the microfinance credit only sector amounted to $206.3 million as at 30 September 2018. These sector’s total assets were dominated by loans which constituted 87.0% of the total sector assets while fixed assets which represented non-interest earning assets amounted to 4% of the total sector assets.
Read More
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.
|
|
Today's date: 2020-01-18 07:34 |
| No events |
Analysis Of The Performance Of The Microfinance Sector In Zimbabwe as at December 2018
