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Zimbabwe Association of Microfinance Institutions

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Zimbabwe Association of Microfinance Institutions
Formation1999
PurposeTo advocate for an enabling regulatory and funding environment and to promote best practices in the provision of demand- driven services for the growth of the Microfinance industry in Zimbabwe
HeadquartersHarare
Location
Official language
English
Executive Director
Mr. Godfrey C. Chitambo
Finance & Administration Officer
Ms. Judith Nyanderu
Key people
Mrs. Virginia Sibanda, Mr. Vote Muza, Mr. Morris Mpala, Mrs. Mildred Chirwa, Mrs. Molly Dingani
Websitehttp://www.zamfi.org/

The Zimbabwe Association of Microfinance Institutions (ZAMFI) is a government institution established in 1999 with the aim of advocating for an enabling regulatory and funding environment and to promote best practices in the provision of demand-driven services for the growth of the Microfinance industry in Zimbabwe.[1]

Membership

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Membership is open to all licensed practitioners who are into microlending. These include commercial banks, microfinance funders, microfinance banks, credit only microfinance institutions, savings and credit cooperatives.[2] There are subscriptions paid by members. In 2014, the organization had 68 member MFIs in the country.[3]

Governance

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ZAMFI is governed by a board of directors, and these are democratically elected from the existing ZAMFI members. The Board Chairperson is Mrs. Virginia Sibanda.

The other board members are Mr. Vote Muza, Mr. Morris Mpala, Mrs. Mildred Chirwa, and Mrs. Molly Dingani.[4]

References

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  1. ^ Szebeni, A'kos (2014-05-13). "MICROCAPITAL BRIEF: Zimbabwe Association of Microfinance Institutions (ZAMFI) Warns Against Illegal Deposit-taking by Microfinance Institutions (MFIs)". MicroCapital. Retrieved 2019-02-25.
  2. ^ "Membership". zamfi.org. Retrieved 2019-02-25.
  3. ^ "ZAMFI Members Categorisation". zamfi.org. Retrieved 2019-02-25.
  4. ^ "Key Note Address by Dr. J. T. Chipika, Deputy Governor, Reserve Bank of Zimbabwe, on the Occasion of the 2018 Microfinance Excellence and Appreciation Awards" (PDF). Reserve Bank of Zimbabwe. Retrieved 2019-02-25.