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Use of cows, goats as collateral in Zimbabwe could make informal sector's access to finance easier

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Cows, goats, TV sets and fridges could soon be acceptable collateral in Zimbabwean banks if a bill tabled by the Finance Ministry is passed into law. The legislation proposes to set up a collateral security register, which would be used by borrowers to apply for loans. The move would see financial inclusion for a large part of the population which so far has been excluded from accessing loans from banking institutions. Farai Mwakutuya is in Harare with the story.Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgYFollow us on:Facebook: https://www.facebook.com/cgtnafrica/Twitter: https://twitter.com/cgtnafrica


Africa News CGTN Africa Cows goats TV sets fridges collateral banks Zimbabwe Farai Mwakutuya
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