Zampost undertakes K100m credit expansion programme

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ZamPost Microfinance Limited (ZMFL) has revealed plans to undertake a one hundred million Kwacha medium term note programme (MTNP) on the Zambian capital market to support its credit expansion business.

ZamPost public relations manager Sonile Lintini said the programme will be done over three years.

Ms. Lintini said the capital raised will be injected in the business to meet a greatly underserved microfinance sector for both individuals and small to medium enterprises (SMEs).

She was speaking during the unveiling of expression of interest in Lusaka today.

Ms. Lintini said ZamPost Microfinance Limited recognizes the tremendous potential of the stock market in Zambia as an investment strategy for the growing economy.

She said the company was strategically positioned to offer services to the remotest parts of the country through the holding company’s countrywide branch network.

Ms. Lintini further said the opening of the expression of interest to raise one hundred million Kwacha was a significant testimony that ZamPost was determined to make an impact in the Zambian economy.

She said this will also contribute to the betterment of people’s lives in support of the government policy.