Total value of secured loans dips significantly by 54.5%
The value of loans granted by financial institutions fell by 54.9 % in the last quarter of 2023. The total amount of secured loans registered by...
Source: businessghana.com
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Total value of secured loans dips significantly by 54.5%
The value of loans granted by financial institutions fell by 54.9 % in the last quarter of 2023. The total amount of secured loans registered by banks and
Source: citinewsroom.com
Total number of collateral registrations recorded in quarter 4 estimated at 6,1674
A breakdown of the registrations across the various categories of lenders showed that Savings and Loans Companies (S&Ls) dominated with 50,007 registrations in the 4th quarter of 2023, indicating an increase of 25.6% from 39,801 registrations recorded in the 4th quarter of 2022.
Source: myjoyonline.com
Why Zimbabwe banks have welcomed a law that allows people to use cows, chickens and goats as collateral
Zimbabwe’s banks have welcomed a new law that allows people to use cows, chickens and goats as collateral because it gives them security that they did not have before, Finance Minister Patrick Chinamasa said. Chinamasa who said the banks were too conservative and could run out of business if they did not lend out money
Source: insiderzim.com