Zimbabwe News Update
📅 Published: August 21, 2025
📰 Source: thestandard
Curated by AllZimNews.com
📅 Published: August 21, 2025
📰 Source: thestandard
Curated by AllZimNews.com
The loans start from between $4 (£3) and $408 for individual borrowers.
Loans for groups and small enterprises will be launched at a later date.
Borrowers are expected to repay the loan within 14 days, and an annual interest of 8% calculated per day will be charged.
The fund was a key campaign promise by the president who came to power in September.
He has touted the fund, which targets more than eight million people, as one that will give a lifeline to youth, women and low income groups who cannot access loans from commercial lenders. 🔗
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