Empower Bank yesterday officially opened its first Bulawayo branch.
In his official opening remarks, Empower Bank board chairman Raymond Njanike said the bank will offer $50 000 non-collateral loans to youths who will approach the bank on a first come first serve basis. Said Njanike:
We are making a pledge of $50 000 for Bulawayo youths to come on a first come first serve to get the money, to borrow the money but with a viable project. No collateral. The $50 000 is the money that we have given to Bulawayo
Njanike said the bank has various flexible collateral measures in place.
Empower Bank is a state owned deposit taking micro bank in Zimbabwe. The bank was launched in July 2018. The bank was created to provide "social and financial solutions to the financially excluded population with greater focus on the youth". The bank offers loans to... Read More About Empower Bank