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FBC Holdings Limited subsidiary, Microplan Financial Services, was recently accorded platinum status by the Zimbabwe Association of Microfinance Institutions, recognising the company as one of the major players in the microfinance industry. In a statement, the group said Microplan had worked with small to medium enterprises, the low income generating public, farmers and other people seeking loans since its formation two years ago.
“The recognition by ZAMFI comes at a time when Microplan is spreading its wings to different parts of the nation in a bid to improve the growth and development of Zimbabwean individuals and communities particularly the lower income group, through implementation of practical small scale financing solutions applicable across all sectors in the business environment,” the group said.
Microplan has been doing business in a way that minimised risk of diversion of funds focusing on deduct-at-source salary-based loans for reputable institutions and corporates and on low limits and structured arrangements.
The group added that Microplan’s mandate was in line with ZAMFI’s which aims to 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 micro finance industry in Zimbabwe
Online Reporter
derick.khumalo