Banking institutions are charging an all-inclusive interest rate not
exceeding 10% per annum, while microfinance institutions are
charging a maximum of 2% per month. A quota of all the above
highlighted facilities is reserved for rural women while the $15 million
Women Empowerment Fund is solely for women.
10.13 In addition, in line with the Financial Inclusion Strategy, the Reserve
Bank of Zimbabwe mandates that each bank should-;
i.
Have a special window for women and enhance
women’s access to finance.
ii.
Have a women’s desk to deal with women targeted
loan applications.
iii.
Mandatorily submit sex disaggregated data of loan
beneficiaries to monitor compliance with the women
finance empowerment targets.
Women’s participation in key sectors of the economy
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