Challenges and cash shortages for entrepreneurs in Zimbabwe

Lendwithcare's Microfinance Advisor Teresa Hall has been visiting our microfinance partner in Zimbabwe, Thrive Microfinance. While there, she has had the opportunity to meet with Lendwithcare entrepreneurs, and to learn more about how the current economic situation has been affecting their lives and businesses:

"I have been in Zimbabwe visiting our microfinance partner Thrive. I have had the opportunity to meet and speak with women entrepreneurs supported by Lendwithcare.

Street vendor in Chitunwiza

Guest blog | Zimbabwean micro-entrepreneurs face additional challenges

Lendwithcare lenders have supported so far over 1,200 Zimbabwean micro-entrepreneurs through our partner Thrive Microfinance. Henry Bartram, Managing Director, explains how Lendwithcare loans are still making the difference for entrepreneurs despite the country’s difficult economic situation. He also shares his concerns with us about the deteriorating situation in Zimbabwe and its impact on the micro-entrepreneurs.

Financial products and training, the winning formula? | Nancy's update from Zimbabwe

It is now widely accepted that a key component of financial inclusion, that is providing poor and low-income people with access to appropriate and affordable financial services, is financial literacy. This, of course, makes perfect sense. After all, what is the good in providing the tools if the recipients do not fully understand how to use them, or indeed understand what might be the risks of using them?

Guest Blog | The effect of El Niño in Zimbabwe

Old Marimba entrepreneur group (18800) in Harare, Zimbabwe

You may have been reading various headlines recently about the impact of El Niño in several countries around the world. El Niño is a global weather phenomenon that affects rain patterns and temperatures around the world, and can cause drought and food crises in countries reaching from Papua New Guinea to South America to Ethiopia. One of the latest countries to be badly affected is Zimbabwe, which has announced a state of disaster following the severe droughts that have recently devastated harvests and caused food prices to soar. We at Lendwithcare asked Henry at our microfinance partner Thrive just how the country, and in particular Thrive’s borrowers, have been affected: