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TOWARDS SUSTAINABLE MICROFINANCE

PROVIDING WHOLESALE LOANS

TOWARDS SUSTAINABLE MICROFINANCE

PROVIDING WHOLESALE LOANS

TOWARDS SUSTAINABLE MICROFINANCE

PROVIDING WHOLESALE LOANS

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ZMF

BACKGROUND

The Zimbabwe Microfinance Fund (Private) Limited, (ZMF), is a wholly owned subsidiary of the Zimbabwe Microfinance Wholesale Facility Trust (ZMWFT). The institution was formed in 2011 to operate as a financial apex organisation providing on-lending capital to financial service providers (FSPs) that include MFIs, SACCOs, Agricultural Value Chain Actors (AgVCA) and Banks downscaling to serve the bottom of the pyramid entrepreneurs. The birth of the Fund followed the collapse of the local currency and the adoption of the multi currencies in 2009. Most FSPs lost their assets in that process and the need for funding to resuscitate the sector became acute. The initial seed capital for ZMF was provided by DFID, HIVOS, Danida and GIZ.

ZMF PRODUCTS & SERVICES

Traditional term loans with single or multiple disbursements depending on the need of the client.

Line of credit works like an overdraft facility: -the client only repays interest until expiry of the facility.

Guarantee for commercial loans to FSPs through Banks or to MFIs by ZMF

This will be equity finance to FSPs with potential to grow but have become highly geared and therefore unable to attract new debt finance.

This will cover all activities conducted under value chains, especially agricultural ones.

Financing of environmentally friendly products such as solar heating, LP Gas, biodiversity, etc

To finance FSPs with evidenced micro–housing loan book.

This is a facility that will meet temporary financial cash flow challenges for some FSPs such as the one in value chains.

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