{"id":460733,"date":"2018-06-29T12:16:44","date_gmt":"2018-06-29T11:16:44","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460733"},"modified":"2018-06-29T12:16:44","modified_gmt":"2018-06-29T11:16:44","slug":"zimbabwe-launch-of-a-microfinance-bank-for-women","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/06\/29\/zimbabwe-launch-of-a-microfinance-bank-for-women\/","title":{"rendered":"Zimbabwe: launch of a microfinance bank for women"},"content":{"rendered":"
<\/div>

Zimbabwe inaugurated, on Monday, 25 June, the first bank of the Southern African Development Community (SADC) to finance small-scale women’s projects, the so-called Zimbabwe Women Micro-finance Bank (ZWMB).<\/p>\n

The new institution, which has already started its loans after the inauguration, seeks to financially promote women through affordable financing options that allow them to start their own business.<\/p>\n

On the sidelines of the inauguration, President Emmerson Mnangagwa – who presided over the inauguration ceremony – said the bank is laying the foundation for Vision 2030, by which time the country should reach a mid-level economy. He also urged this entity among other financial institutions to restore the confidence of savers and to abandon the imposition of punitive bank charges.<\/p>\n

The Zimbabwean president also said the government is working on permanent solutions to the current scarcity of money.<\/p>\n

In this regard, Mnangagwa stated that his government will announce, in due course, comprehensive strategies to resolve the problem in a conclusive manner. “I urge our industry, our business and small and medium-sized businesses to focus on business models that generate foreign currency for the country,” he added.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Zimbabwe inaugurated, on Monday, 25 June, the first bank of the Southern African Development Community (SADC) to finance small-scale women’s projects, the so-called Zimbabwe Women Micro-finance Bank (ZWMB). The new institution, which has already started its loans after the inauguration, seeks to financially promote women through affordable financing options that allow them to start their<\/p>\n","protected":false},"author":527297,"featured_media":460737,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[12618,14440,15050],"class_list":{"0":"post-460733","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-microfinance","9":"tag-zimbabwe-en","10":"tag-zwmb","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"\nZimbabwe: launch of a microfinance bank for women - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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