Zim has a lot of funding available to the business sector. You have to give a lot of stakeholders credit for trying their best to avail funding for the Small to Medium Scale sector. The biggest hurdle in the country is the access to business opportunities information! The country has a lot of information when it comes to social issues such as Politics, Soccer and Religion-mention business opportunities and funding and most people will go quiet!
So ZBIN is trying its best to enable Zimbabweans and foreign nationals to have access to information on available or emerging opportunities, they say information is power!
At ZBIN we have general information that we share-publicly available information and then we have some information which we provide to our subscribed members only.This morning we have decided to share information of an Agribank Export Facility worth $50 million.
The bank is actively promoting the production of exports through an Export Facility, structured expressly to support Exporters.
The facility has the following features
Purpose: To support Exporters (Any company producing for exports)
Availability: Available immediately (Upon Project Approval)
Eligibility: All exporters
Interest Rate: Up to 7.5% per annum
Tenor: Up to 12 months for working capital/Up to 3 years for Capital Expenditure
For more information, visit any Agribank Branch nearest to you
So there you are, funds are available in Zimbabwe, some from Government or Parastatals such as the Homelink Facility funds or this Agribank Funds facility. ZBIN will be sharing with members tips of how to identify export markets, carrying out market surveys and advise our members on the next steps to be taken in applying for these funds.
Non ZBIN members can directly go to the nearest Agribank branch, no need for any middlemen!
