Microloan wave worries RBZ

According to the Reserve Bank of Zimbabwe, the country continues to record strong foreign currency inflows, with foreign currency reserves backing the ZiG reaching about US$1 billion.

THE Reserve Bank of Zimbabwe (RBZ) has raised concerns over increasing over-indebtedness among consumers using microfinance institutions.The central bank has warned that consumers borrowing from multiple lenders using the same payslip could jeopardise the financial health of both borrowers and lenders, creating systemic risks for the sector.“The Reserve Bank has noted high levels of over-indebtedness…

Subscribe to read full article. Subscribe today

Related posts

Service excellence under spotlight at SOSES 2025

ZiG yield curve adjustment expected

Govt to safeguard forex assets in mono-currency shift

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More