Our Products/credit solutions are tailor made uniquely according to each client’s business.
The nature of the business and the cash-flows of the business are the key determinants in the way a loan is structured for the client.
We don’t force a client to choose from a catalogue of products, instead we listen to the client , understand the client’s business and tailor-make the loan to meet the specific needs of the business.
We are specialists in two things :
1.) Listening to the client
2.) Designing client specific credit solutions.
We consider ourselves to be Micro Business Loan Architects, for us lending is not a one size fits all, rather each business is unique and requires tailor made credit solutions.
In our interaction with various business owners we have come to an understanding that micro-businesses have varying needs; each business’ cashflows are unique and similarly each business’ credit needs.
So each product we design is a solution to each business’ unique characteristics: the tenure, loan amount and interest rate are structured based on a unique understanding of each business. This is why MoneyMart is a like a supermarket for financial solutions, we have bespoke solutions to meet different needs.
In the micro-business space the need for credit is tied to both the business and the business’ owners households- there is usually no separation between business and owner. Therefore loan tenures vary according to the intended purpose of the business or the owner of the business- loan tenures can be anything from one day to one year. Client could require a loan to fund a specific order which can be repaid back the following day while another may intend to start a project with a tenure of3 months and a loan can be paid in one week.
We start our loans from as little as $25 up to $1,500.The average loan amount is between $175 and $200.
Interest rates are controlled by the Reserve bank of Zimbabwe.The effective lending rate for Micro- Finance institutions in Zimbabwe should not exceed 10% per month.
Loan Repayments matched to Business Sales & Cash-Flows and they range from daily, weekly, monthly or once-off repayments depending on the business’ cashflows:
For Clients with Daily cash-flows
For Clients with Weekly cash-flows
For Clients with monthly cash-flows
For Clients with Monthly cash-flows
Harare Telephone: +263 04-770525
Mutare Telephone: +263 (220) 202022161
Mbare Telephone: +263 (4) 748 180
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