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*RBZ Registers 19 New Microfinance Institutions* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ue The Reserve Bank of Zimbabwe (RBZ) registered 19 new microfinance institutions between January and June this year, bringing the total number of licensed operators to 194. Said RBZ in a statement: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > This brings the number of institutions authorised to conduct business of providing loans in terms of the Micro-finance Act [Chapter 24:29] to 194 as at 30 June 2018. The registrar of micro-financiers at the bank indicated that 18 of the new registered firms were from Harare and only Funamel Investments Pvt Limited is from Masvingo. Among those that were registered is State owned Empower Bank Limited, which is the only deposit taking institution while five are credit only micro-finance institutions. These are Taeddy Capital Investments Pvt Limited, Loanstar Pvt Limited, Mula Microfinance Pvt Limited, Premier Service Microfinance Pvt Limited and Gealcs Pvt Limited. The remaining 13 are money lending institutions only. More: Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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