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 Page | 96

Select target paragraph3