collateral

Goats as collateral in Zimbabwe

by editor1 / Apr 16, 2017 / 0 comments
Photo credits: 
NAMPA

-Zimbabwe’s Finance Minister, Patrick Chinamasa says banks are stuck in the old ways of doing things and failing to respond to the needs of our highly informalised economy. Earlier this week he tabled a new bill before parliament, one that compels commercial banks to accept livestock as collateral for cash loans.