Monday 3 August 2020
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allafrica - 24 days ago

Zimbabwe: We ll Weather the Storm - Microfinance Institutions

[Zimbabwe Independent] The Zimbabwe Association of Microfinance Institutions (Zamfi) recently published its first-quarter report which was less reflective of the negative effects of COVID-19 but pointed out that the pandemic was likely to take a huge toll on the sector. Although the sector s loan portfolio remained stable for the period up to March 2020 as indicated by the reported portfolio at risk (PAR) (>30) of 13,93% as at March 31 against 13,38 % for December 31, 2019, Zamfi said it is important to note that the post-loc


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