Loans really are available in ZImbabwe

Forget all the rumors that circulate in and around the Diaspora, hakuna mari kuzim(there is not money in Zim), Hakuna ma mortgage in zim( there are no mortgages in Zim). It's all absolutely false...

I recently attended a presentation by Kingdom Bank Zimbabwe, they are doing a series of road shows in and around Zimbabwe, I feel they are basically trying to get Zimbabweans back into trusting the bank to some degree at least. I must say their presentation was quite impressive and the whole team was there from Mr Chankira himself down to the mangers of each facet of the business.
 

Quoting Mr Chanakira," We made a lot of mistakes in our past, we thought we were taking shortcuts by getting into some partnerships, but those relationships turned out to be disastrous, due to differences in business values". I was amazed by his honesty and he came across a very humbled man when he spoke. For me a sign of changing times in ZIM.

To summaries what I learnt from the talk.
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Loans are available in 2 forms[ Long terms loans / Micro-loans)

• The long term loans require one to present all the usual stuff, id business plan collateral etc etc, I am no sure about the loan term, but I think it like 90 days - 12 months or something...(not so long term I guess)
• The micro loans were very interesting - They offer between USD$140 - USD$5000 under the micro loans
• Anyone can apply and guess what they don't even want to see your business plan. They simply come to your place of work, or what your project is, and spend some time with you and see how they feel they can help you with a cash injections, and based on that point (mainly) they can give you anything from the 140 to 5k over a 2 - 6month period.
• So for the typical guy who wants to startup an airtime business selling airtime at the street corner, I quick 140 loan would be a walk in the park. 
• The 140 loan would bring him back about USD11 a day, that's about $USD55 per week and $USD220 per month. Sounds simple ha? Well that's because it is!!!

Overall the general guy out there with a killer business idea, or who is already in business but is failing to get that injection of cash to push him to the next level would probably just stay in that rut due to lack of knowledge about the options he/she has! I feel that generally Zimbaz have the wrong impression about what banks require, or want to see before they can provide finance. One should just give it a try, what's the worst that can happen?!!! They may just say know, but then all you do is understand why they said no, fix the issue and try again....