admin
Speaking during the Masvingo business and investment conference last week, Mr Chanakira said the money would be availed though its microfinance division, MicroKing.
“There is a fund for SMEs that we have made available for small businesses through our microfinance division, MicroKing. We are there to make others have their money and I feel that we are doing a great job. We are partnered by PTA Bank,” said Mr Chanakira.
He said MicroKing provided help for micro to medium enterprises on how business can be run and customers must not miss these opportunities.
“Our staff at MicroKing will also provide information on how businesses are run as we want all enterprises to run profitably.
“We are also happy because we have never experienced serious defaults and I can tell you that the default rate stands at 2,5 percent throughout our branches and that means MicroKing is the best run division within Kingdom Bank,” he said.
He urged business organisations to make use of the opportunities coming their way.
“You should strive to be the best and it does not matter how small you are.
“As an SME you can become famous if you manage your business properly. You should invest your money wisely and not allow the outside environment affect business.
“You must also have equity and never borrow in order to find capital.
“For me to run a bank, I had to sell my house and did not borrow money to start a business.
“If you use your own money without borrowing you will make sure the business won’t falter because that is where your life is.
“I made more money when things were still bad politically and economically. When things are hard never get carried away because you do not have any control over what happens in your environment but you should always remain steadfast.
“In business it is prudent to also invest outside your borders in case all your savings are blown by inflationary environment.
“I had offshore accounts and even if I am a banker I could not put all my money in the bank but I invested in assets, market shares and minerals,” he said.
Mr Chanakira said Masvingo had the potential to attract investment and its people should make use of its famous history to create business.
“It is true that Masvingo has wealthy human capital, more than any other province in the country and we can make use of this to create businesses.
“While people speak of the non-existence of industries in Masvingo, I believe there are many good things that can come out of this region. It is up to the people to make the resources famous so that there is development.
“You have many economic drivers here that you can use to transform the status of the province. You have the Great Zimbabwe Monument which is a tourist attraction.
“You can come up with a four to 25 years economic blueprint that can turn the fortunes and Masvingo will be the best,” he said.
Online Reporter