Zimbabwe Microfinance Fund

The Zimbabwe Microfinance Fund, (ZMF) is a wholesale financier promoting sustainable development through the provision of responsible and inclusive finance to Financial Service Providers (FSP) and related institutions that serve micro, small and medium enterprises. The ZMF is a wholly owned subsidiary of the Zimbabwe Microfinance Wholesale Facility Trust (ZMWFT). The institution was formed in 2011 to operate as a financial apex organisation providing on-lending capital to financial service providers (FSPs) that include MFIs, SACCOs, Agricultural Value Chain Actors (AgVCA) and Banks downscaling to serve the bottom of-the-pyramid entrepreneurs. The birth of the Fund followed the collapse of the local currency and the adoption of the multi-currencies in 2009. Most FSPs lost their assets in that process and the need for funding to resuscitate the sector became acute. DFID, HIVOS, Danida and GIZ provided the initial seed capital for ZMF. Our goal is to reduce poverty and create employment through access to financial services that will be responsive to the needs of the population, especially women and the economically active poor, in a manner that will foster sustainability and financial inclusion. To achieve this, our products and services are tailormade to stimulate economic growth through support of strategic key sectors. Our services include MSME loans, Agricultural loans, Institutional Development loans, Revolving Facility, Housing Microfinance loans and Green Finance.