Inflation weighs on Success

AdvertisementsMICROLENDER, Success Microfinance Bank (Success) incurred an inflation adjusted loss of $196 million for the year ended December 31, 2020, weighed down by cost increases. Zimbabwe experienced its second episode of hyperinflation in a decade last year, with inflation peaking at 836 percent in July. Success last week said its operating expenses were up by…

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