ZCGS and Restless Development meet to colloborate on Financing Option for Women in Village Bank Savings Group

ZCGS and Restless Development met to discuss potential financing options to underserved groups especially women in rural areas. This was when Restless Development Country Director, Ms. Chanda Chisenga paid a courtesy call to the Zambia Credit Guarantee Scheme.

During the meeting, Ms Chanda revealed that Restless Development is an organization that had operated in Zambia for nine years and had an objective of delivering youth led development  on young peoples’ priorities with a specific focus on community -led change and gender, delivering accountability, advocacy  and financial inclusion.

Ms Chanda further announced that Restless Development was in the process of rolling out a project aimed at improving financial inclusion among underserved groups in Village Bank saving groups.

In receiving the team from Restless Development, ZCGS CEO Ms Mary Mumba welcomed the the initiative to provide credit facilities for MSMEs at a lower interest rate and pledged to collaborate with them by providing partial credit guarantees.

The two institutions will therefore identify partner financial institutions to roll put this project which aims to target 12,500 beneficiaries in the 5 year implementation period.

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