THE Reserve Bank of Zimbabwe has set a $5 million minimum capital threshold cap for deposit taking microfinance institutions (DTMFIs) as part of measures to increase financial inclusion and protect the banking public.
Early this year the central bank offered deposit taking licences to Getbucks Financial Services and African Century Limited while several MFIs are still on the micro-credit level.The setting up of a minimum capital threshold opens up more avenues for growth for the growing micro-finance sub-sector.
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