MICROFINANCE FIRMS IN TROUBLE AS GOVT OWES US$85M
The Government
is limping financially; for the last five months, it has not remitted US$85m it
deducted from civil servants’ salaries to service loans borrowed from
microfinance companies, Masvingo Mirror has established.
In addition to
the US$85m, th…
The Government
is limping financially; for the last five months, it has not remitted US$85m it
deducted from civil servants’ salaries to service loans borrowed from
microfinance companies, Masvingo Mirror has established.
In addition to
the US$85m, there is a Zig component backlog which Masvingo Mirror could not
establish.
Stakeholders
have called for government intervention to save the