EMPOWERBANK has unveiled a $120 million youth loan facility business start-up kit and working capital.
The bank yesterday launched the Youth Business Starter Packs (YBSP) programme from its current capital resources for youth across the country to access loans.
YBSP was launched by the Minister of Youth, Sport, Arts and Recreation Dr Kirsty Coventry who urged the youth to utilise the loans and contribute to Zimbabwe's Vision 2030 of building a middle-income economy by the year 2030. Dr Coventry said the rollout of the YBSP will give the bank a new impetus to positively impact the lives of all young entrepreneurs across Zimbabwe.
EmpowerBank is a registered deposit-taking Micro Bank in terms of the Microfinance Act [Chapter 24:29] and is regulated by the Reserve Bank of Zimbabwe. The organization was formed with the purpose of providing social and financial solutions to the financially excluded population with greater focus on the youth.
Learn more about the initiative here!
