Under Micro finance, GEMZ carters for all small scale business financing needs.Small scale businesses can get loans under this category after they are screened to see if they qualify as laid down in the policies of this category of loans.
Micro loans are aimed to assist small scale businesses increase the financial potential and grow their businesses.An extra consultance service is offered under this category in which small scale business owners are advised on investment decisions.
Presently,a good and encouraging number of beneficiaries has been recorded under this category and the numbers are growing. GEMZ Financial institution is to see this number tripple further in the next two to three years.
Beneficiaries: Zambia small scale businesses
Service: Micro finance loans
At both Chama, Lumezi,Chinsali and Isoka branches, we have qualified loan officers who evaluate businesses applying for loans. These officers evaluate the status of a potential client and advise the financing capacity they deserve to be loaned.There are no loan fees or processing fees charged.
Loan officers are deployed to also evaluate the market potential in which a potential client operates and they give a report and possible avenues a potential client can take to maximise their business.
GEMZ Financial services also regularly checks on a client's business progress after a loan has been disbursed and we give business direction in cases where a client encounters some challenges. These approaches have not only reduced the risk burden on GEMZ financial services but has also benefitted our clients in terms of business growth.
GEMZ financial services is continuously exploring other parts of Zambia to reach out to all small scale businesses and extend our financial services and the benefits that come with partnering with us.
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