Have an interest rate of 14.4% per month
Collateral security priority number one is a motor vehicle backed by other movable assets
Loan amount granted depends on one’s business activity and collateral security.
Payment of loans is done in weekly instalments, commencing fourteen days from the day of loan disbursement.
The product helps to accommodate viable entrepreneurs whose business activities add value to the Zimbabwean Economy.
In addition to that, the product acts as a vehicle to the promotion of economic empowerment through provision of working capital to small entrepreneurs who lack finance for working capital thereby adding value the national revenue and Gross Domestic Product.
This product also serves to encourage the participation of women in the economic activities of the country since the loan facilities are not gender selective but are mainly hinged towards one’s business performance.
JHM Microfinance aims to be the market leader in the microfinance industry in Zimbabwe through the provision of high quality products at affordable rates.
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