Microloan wave worries RBZ

The Reserve Bank of Zimbabwe

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

Zimbabwe moves closer to a ZiG economy. . . amid relative prices and exchange rate stability in the country

Analysts question the ‘ROI’ on perks

Top Companies awards set for next month

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