Overview

Purpose of service

Working capital and capital expenditure   

Lending Methodology

Individual.  

Repayment frequency

Monthly or Bullet 

Grace period

Up to 3 months depending on project 

Pricing

5% Establishment fees, 2.5% insurance and interest of 15% per month on reducing balance Loan limit maximum ZWL50,000.00  

Tenor

up to 12 months

Who qualifies?

Individuals in the informal sector

What you need to apply

  • Passport size photo
  • Copy of identification particulars
  • Proof of residence or relevant affidavit from landlord 

Collateral requirement

  •  Moveable assets and salaried guarantor