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1 500 moneylending institutions close down

HARARE – Viability challenges and Zimbabweans’ inability to repay loans has resulted in 1 521 moneylending companies closing down in the past 14 years, amid fears the biting liquidity crisis will result in more microfinance companies twisting in the wind. Observers, however, believe microfinance institutions play a critical role in providing finance to smaller businesses…

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