Thanks to Technology Small Businesses Could Get Loans In 30 Minutes

By Alvine Chaparadza

Have you ever waited for 2 weeks to hear a response of whether your loan application has been approved or declined? Only for the application to be declined. That sucks, right? Welcome to the Age of Credit Decline. Now that banks have reduced consumer lending to productive sectors of the economy, who will lend to credit-hungry Small to Medium Enterprises (SME’s) to finance their operations?

How did we get to the Age of Credit Decline in the first place?

The post dollarization era in Zimbabwe was met with generous but careless hands of banks who indiscriminately issued credit to customers without …read more

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