MFI ReportMission:
Our Mission is to transform the lives of the poor by providing them with access to client useful financial services and training resources through a financially viable nationwide micro-finance institution
Background and Main Challenges:
CETZAM was founded in 1995 an independent microfinance institution affiliated to Opportunity International (OI). With DFID support, CETZAM established the Northern Zambia Micro Enterprise Development Project (NOZAMED). Lending started in 1998. Building on this success, DFID funded expansion of ... Read more
CETZAM was founded in 1995 an independent microfinance institution affiliated to Opportunity International (OI). With DFID support, CETZAM established the Northern Zambia Micro Enterprise Development Project (NOZAMED). Lending started in 1998. Building on this success, DFID funded expansion of the programme to enable CETZAM become the first sustainable and regulated microfinance institution in Zambia on a national scale. However, this expansion was shelved in early 2003 due to poor performance. CETZAM has since been restructured for viability and is making headway in developing the portfolio.
The Main challenges are:
1. Lack of clear regulations for MFIs;
2. Continued funding as current funding comes to an end;
3. Ensuring the gains made in the re-structuring process are maintained and enhanced for sustainability;
4. Increasing outreach Hide
The Main challenges are:
1. Lack of clear regulations for MFIs;
2. Continued funding as current funding comes to an end;
3. Ensuring the gains made in the re-structuring process are maintained and enhanced for sustainability;
4. Increasing outreach Hide
Address:
4th Floor Mukuba Pension House Dedan Kimathi Road Private Bag E 760
Lusaka
Zambia
Phone:
00 260 1 222980
Fax:
00 260 1 222961
Email:
info [at] cetzam [dot] com [dot] zm
Main Funding Sources:
Grants
Products and Services:
Loans
Insurance
Training and Consulting
Products:
Credit:
Trust Bank Loans (group loans)
Solidarity Group Loans (smaller groups)
Individual loans
Insurance:
"Ntula" Funeral Insurance
Credit life Insurance
Trust Bank Loans (group loans)
Solidarity Group Loans (smaller groups)
Individual loans
Insurance:
"Ntula" Funeral Insurance
Credit life Insurance
Services Provided:
Business Development Services
Looking for (Investment Types):
Capacity Building Grants
Loans in US$
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1998
FYE:
31-Mar
Current Legal Status:
NBFI
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Dyson MandivengaCEOdmandivenga [at] cetzam [dot] com [dot] zm00 260 1 222980
