MFI ReportPartnerships
| Name | Relationship |
|---|---|
| ZAMFI | Network Affiliation |
Mission:
Our mission is to provide our customers with a world class service through a team of dedicated professinals' a unique and accessible client oriented package of financial assistance with the objective of realising a reasonable return and growth on investment. Our motto is Professionalism, ... Read more
Our mission is to provide our customers with a world class service through a team of dedicated professinals' a unique and accessible client oriented package of financial assistance with the objective of realising a reasonable return and growth on investment. Our motto is Professionalism, transparency and efficiency. Hide
Background and Main Challenges:
Seawatch is a private company. There are four shareholders; with one of the shareholders being the CEO. The company was formed in the year 2000, on the 31st January with only the sharholders funds. The companmy currently has three branches; two in Harare and one in Gweru. The company only ... Read more
Seawatch is a private company. There are four shareholders; with one of the shareholders being the CEO. The company was formed in the year 2000, on the 31st January with only the sharholders funds. The companmy currently has three branches; two in Harare and one in Gweru. The company only provides loans for small and micro businesses; in areas such as Cross border trade, small manufacturing, tuck shops, and sewing businesses. The major challenge at the moment is raising additional captial for on-lending purposes. Competition is not an issue in Zimbabwe as there are very few ppayers and the market is very large (with only 3% of the market being currently serviced at the moment).Borrowing from the banks is very difficult in Zimbabwe due to the very high interest rates which cannot easily be passed onto the clients. The number of branches was scaled down from 11 brnaches to 3 branches due to the lack of capital for on-lending, G159 Hide
Address:
55 Samora Machel Trustee House 6th Floor; Box 1759
Harare
Zimbabwe
Phone:
(263) 475-5076
Fax:
(263) 475-9682
Email:
evans [at] comone [dot] co [dot] zw
Main Funding Sources:
Shareholder Capital
Products and Services:
Loans
Date established:
Jan 1 2000
FYE:
31-Dec
Current Legal Status:
Other
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Josephat TereraCEOevans [at] comone [dot] co [dot] zw04 75 77 59
