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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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Catch it as it happens in the microfinance sector!

Towards Sustainable Microfinance!
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 to finance clients of Financial Service Providers engaged in micro, small and medium enterprises.

A performance based line of credit where clients can draw-down on headroom between the approved limit and the loan outstanding balance within the first two thirds of the loan tenure

Working Capital or Capital expenditure loan targeted at all activities under agricultural value chains.

Wholesale loan to finance micro-housing activities like land acquisition, incremental construction, housing improvement, solar power installation etc.

Loan to finance purchase of all types of machinery, equipment, MIS, vehicles, furniture and fixtures and refurbishment of offices and capacity building.

Financing of environmentally friendly products such as solar products, LP Gas, Biogas, Climate Smart Agriculture etc

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