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.

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”.

FINANCIAL INCLUSION SOLUTIONS

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:

Download