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.

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.

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