The United Nations Development Program (UNDP) will assign the grant (through the Ministry of Small and Medium Enterprises) to three institutions for disbursement: Small Enterprises Development Corporation (Sedco), Punditso Microfinance and Woman Development Savings and Credit Union. They will receive $19 million, $3.8 million, and $9.5 million, respectively, according to The Harare Herald. The need to create employment for youth and women, as well as transparency in all microcredit transactions, was stressed by Minister Mrs Sithembiso Nyoni.
Continue reading “United Nations Development Program Grants $32.3 million to the Zimbabwe Ministry of Small and Medium Enterprises, in Support of Microfinance Initiatives”
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