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Oliver Kazunga
Senior Business Reporter
FINANCIAL services provider Mukuru has been awarded a deposit-taking microfinance institution licence in Zimbabwe as the firm seeks to expand its mission of driving financial inclusion in the country.
In a statement, Mukuru, which has been part of Zimbabwe’s financial services landscape over the past 20 years, serving more than three million clients, said the latest development enables the business to expand on its mission of driving financial inclusion in the country.
“We are excited to leverage our extensive network and digital capabilities to further empower underserved communities – particularly SMEs (Small-to-Medium Enterprises), women, youth, people with disabilities and rural populations – and drive greater financial inclusion across the country,” said Mukuru group chief executive officer Mr Andy Jury.
The firm, he said, is uniquely positioned to bridge the gaps between formal and informal financial services in Zimbabwe by unlocking new economic opportunities through the provision of innovative financial products that enable people to send, store, spend and potentially borrow with ease.
“Relevant financial inclusion depends on the uptake of products and services. To this end, Mukuru’s trusted brand and reputation as a reliable financial services provider is expected to support the building of customer trust and drive the adoption of digital offerings,” said Mr Jury.
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