Financial Relief For Women

The Reserve Bank of Zimbabwe (RBZ) has come up with financial inclusion strategies that promote women entrepreneurship

Financial Relief For Women

By Nicole Kurebwaseka

Speaking during an event organised by Zimbabwe Womens Bureau, RBZ representative Audrey Hove said the initiative is based on financing women for exports to solve the foreign currency issues and building a nation of business corporates whereby women share ideas on how to grow their businesses creating partnerships.

"We have different programmes namely Pepukai Madzimai (women wake up) to promote women entrepreneurship and global money week celebrations visiting schools and initiating debate, educating people on sustainability through work of hands,” said Hove

Margret who is into street vending said there are losses in their businesses because of foreign currency need to order goods from outside,

“We find it difficult to be sustainable because of our target market that is in the rural areas whereby customers take goods on credit thereby delaying to pay. By the   time I want to order more goods outside inflation would have eroded the money." lamented Margret

The national financial inclusion was launched in March 2016 in order to facilitate inclusive shared broad based economic growth. It consists of access, usage and quality of services.

 It is anchored on four pillars namely innovation, financial literacy, financial consumer protection and micro finance.