ZIMBABWE ASSOCIATION OF
MICROFINANCE INSTITUITIONS

creating sustainable microfinance

WELCOME TO OUR REFRESHED WEBSITE

new Perfomance Report of the Microfinance Sector as at 30 June 2018 now ready for downloading 

  • Analysis Of The Performance Of The Microfinance Sector In Zimbabwe - March 2018

    2018 review

    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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  • Analysis Of The Performance Of The Microfinance Sector In Zimbabwe - March 2018

    march 2018 report

    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.

     

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  • Mustard Seed

    ms logo

    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:

     

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  • Analysis Of The Performance Of The Microfinance Sector In Zimbabwe - Dec 2017

    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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  • ZAMFI Launches Regulatory Review on the Microfinance Sector

    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”.

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James, a banker by profession, leads Quest Financial Services as Managing Director. He is a member of the Institute of Bankers of Zimbabwe. James joined Trust Bank in 2002 as a Trainee dealer in Treasury and rose to the position of Credit Analyst and later as an Account Executive with ZABG bank, which took over Trust Bank. He later joined TN Bank as a money market trader and was instrumental in the setting of the bank’s treasury division. James was a founding director of a microfinance outfit where he set up and headed the lending department. James, who holds a B. Com in Finance and the IOBZ qualification, brings an invaluable wealth of experience to Quest in the areas of microfinance, credit management, corporate lending and small business advisory. James also sits on the Action against Poverty Trust (ACAP) Board of Trustees; ACAP is a local NGO that focuses on livelihood programmes in rural areas. He also sits on the Board of the Zimbabwe Association of Microfinance Institutions (ZAMFI). James is also a recipient of President Obama’s prestigious Mandela Washington Fellowship for young African leaders. James is currently studying for an MBA qualification with Henley Business School.