Am I eligible for a loan?
You are an entrepreneur or a microentrepreneur, a retailer, an artisan, a SME. You are a Zimbabwean citizen between 18 and 65 years old, you have an operational business for at least 6 months and have at least 1 year of experience in your field...congratulations, you are eligible for a Microcred loan!
What is the amount I can ask for?
Depending on the nature of your business, you can be eligible for a microloan from $150 to $10,000 or a SME loan from $10,001 to $50,000.
I would like to apply for a loan. What should I do?
You must visit your nearest Microcred branch to make your loan application.
What are the repayment modalities?
The reimbursement of the loan is made on a constant monthly basis.
What is the interest rate?
The interest rate is of 5.2% per month based on a monthly declining balance (interests are calculated on the outstanding amount due, and not the initial amount).
How can I get more information or find a Microcred branch?
You can call our Customer Care line 04 705414-8 or write to us at [email protected]
At Microcred, we take pride being close to our clients to better serve them. This is why we have a strong footprint in 9 branches nationwide (2 in Harare, Chitungwiza, Murehwa, Bulawayo, Gweru, Masvingo, Mutare, Chipinge).