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Zimbabwe Women’s Microfinance Bank (ZWMB) is the first women-focused, government-owned microfinance institution in Zimbabwe, established to promote financial inclusion and economic empowerment, particularly for women, youth, and marginalized communities. Licensed by the Reserve Bank of Zimbabwe, ZWMB provides accessible, affordable, and innovative financial services including savings, loans, investment products, and capacity-building support. By fostering entrepreneurship, encouraging savings, and facilitating access to capital, ZWMB plays a vital role in driving inclusive economic growth and supporting the achievement of national development goals.
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Introducing the Co-op Pay Credit Card: Empowering Cooperators with Credit and Investment in One
In a bold step toward deepening financial inclusion and cooperative empowerment, the Co-op Pay Credit Card has been launched to give members of the cooperative movement a powerful tool for both spending and investing. Designed exclusively for individuals who hold the Cooperator Card and contribute monthly to their cooperative account, this innovative card offers more than just access to credit—it builds personal capital while supporting the wider cooperative economy.
The Co-op Pay Credit Card is available to registered members of cooperatives on the coops.africa platform. To qualify, a member must first order the Cooperator Card and commit to a monthly contribution. These monthly contributions, starting at US$50, are pooled into the Cooperative Debentures Exchange (CDE), where they are invested in income-generating cooperative ventures across Africa. This means every dollar contributed not only builds the member’s credit profile but also supports fellow cooperators through productive financing—creating a win-win model of solidarity and sustainability.
The unique structure of the Co-op Pay Credit Card allows members to use their contributions as security for credit on approved purchases, particularly from cooperative businesses listed on coops.africa. This encourages the circulation of capital within the cooperative ecosystem, strengthening co-op businesses while giving members access to trusted goods and services. The card can also be used for in-store and online purchases where accepted, with credit limits tied directly to the member’s contribution and investment performance.
Managed by the Zimbabwe Women’s Microfinance Bank (ZWMB) on behalf of Co-op Pay SACCO, the card is part of a broader vision to transform cooperators from mere consumers into active participants in cooperative financing and investment. ZWMB ensures that all member contributions are professionally managed and securely invested, with credit issuance handled transparently and responsibly to avoid over-indebtedness.
With the Co-op Pay Credit Card, every cooperator gains access to a practical financial tool that combines spending power with wealth-building. It reflects the spirit of cooperative economics—where individual growth fuels collective advancement. Cooperators are encouraged to sign up, contribute, and take part in a future where their money works not only for them but for their communities too.Introducing the Co-op Pay Credit Card: Empowering Cooperators with Credit and Investment in One In a bold step toward deepening financial inclusion and cooperative empowerment, the Co-op Pay Credit Card has been launched to give members of the cooperative movement a powerful tool for both spending and investing. Designed exclusively for individuals who hold the Cooperator Card and contribute monthly to their cooperative account, this innovative card offers more than just access to credit—it builds personal capital while supporting the wider cooperative economy. The Co-op Pay Credit Card is available to registered members of cooperatives on the coops.africa platform. To qualify, a member must first order the Cooperator Card and commit to a monthly contribution. These monthly contributions, starting at US$50, are pooled into the Cooperative Debentures Exchange (CDE), where they are invested in income-generating cooperative ventures across Africa. This means every dollar contributed not only builds the member’s credit profile but also supports fellow cooperators through productive financing—creating a win-win model of solidarity and sustainability. The unique structure of the Co-op Pay Credit Card allows members to use their contributions as security for credit on approved purchases, particularly from cooperative businesses listed on coops.africa. This encourages the circulation of capital within the cooperative ecosystem, strengthening co-op businesses while giving members access to trusted goods and services. The card can also be used for in-store and online purchases where accepted, with credit limits tied directly to the member’s contribution and investment performance. Managed by the Zimbabwe Women’s Microfinance Bank (ZWMB) on behalf of Co-op Pay SACCO, the card is part of a broader vision to transform cooperators from mere consumers into active participants in cooperative financing and investment. ZWMB ensures that all member contributions are professionally managed and securely invested, with credit issuance handled transparently and responsibly to avoid over-indebtedness. With the Co-op Pay Credit Card, every cooperator gains access to a practical financial tool that combines spending power with wealth-building. It reflects the spirit of cooperative economics—where individual growth fuels collective advancement. Cooperators are encouraged to sign up, contribute, and take part in a future where their money works not only for them but for their communities too.
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ZWMB US$10m Preference Share Issue (10m @ US$1 each) in lots of 100 shares New$100In stockZimbabwe0 ReviewsABRIDGED PROSPECTUS
Zimbabwe Women’s Microfinance Bank (ZWMB)
US$10 Million Preference Share Offering
Prescribed Asset | Redeemable | Non-Convertible | Fixed Income
Issuer
Zimbabwe Women’s Microfinance Bank (ZWMB) is a licensed microfinance institution wholly owned by the Government of Zimbabwe. Its head office is located at 31 Mutley Bend, Belvedere, Harare. As a women-focused development finance institution, ZWMB is committed to supporting inclusive financial products tailored to the needs of underserved markets.
The Offer
ZWMB is offering 10,000,000 Redeemable Non-Convertible Preference Shares at a par value of US$1.00 per share bought in lots of 100, amounting to a total value of US$10 million. The shares carry a fixed dividend entitlement, payable annually from income generated by cooperative debentures. The investment has been approved as a Prescribed Asset, making it suitable for pension funds and institutional investors. Shares are redeemable at par value after 10 years and are not convertible into ordinary shares. The offer will commence on 1 May 2025 and remain open for 12 months or until full subscription. Shares are allotted immediately as subscriptions are received, and the minimum investment is US$100.00, equivalent to 100 shares.
Use of Proceeds
ZWMB will allocate US$6.5 million of the proceeds to purchase income-generating cooperative debentures through the Cooperative Debentures Exchange (CDE), with ZWMB and CFS serving as trustees. The remaining US$3.5 million will be used to capitalize the Exchange and cover associated legal, administrative, and listing costs. All funds are held in an escrow account managed by CBZ and are disbursed according to the stated allocations under the supervision of the appointed trustees.
Income & Security
Dividends to investors will be paid from coupon income generated by debentures issued by cooperatives and purchased by ZWMB. All proceeds and income from these investments are ringfenced within a trustee-controlled structure to safeguard investor funds. Income collected from cooperatives is paid into escrow and then distributed according to a priority order that ensures dividend payments to preference shareholders, followed by trustee fees and administration costs payable to ZWMB and CFS.
Legal and Regulatory Compliance
The offering has received approval from the Ministry of Finance and Economic Development as a Prescribed Asset, thereby qualifying it for inclusion in the portfolios of pension funds, insurance companies, and other institutional investors. The structure of the offering complies with the Securities Act (Chapter 24:25), the Companies and Other Business Entities Act (Chapter 24:31), and the Cooperative Societies Act (Chapter 24:05).
Risk Factors
Investors should be aware of potential risks including regulatory and legal changes, credit risk arising from the performance of cooperatives (which is mitigated by the ringfencing mechanism), market and economic fluctuations, and operational challenges related to fund disbursement and project execution. A comprehensive list of risk disclosures is available in the full Prospectus.
Investor Protections
A robust escrow and trustee structure ensures that proceeds and income are used strictly for their intended purposes. Investors will receive regular audited financial reports, and the flow of income and the redemption process are managed independently of ZWMB’s general banking operations to enhance transparency and protect investor interests.
ABRIDGED PROSPECTUS Zimbabwe Women’s Microfinance Bank (ZWMB) US$10 Million Preference Share Offering Prescribed Asset | Redeemable | Non-Convertible | Fixed Income Issuer Zimbabwe Women’s Microfinance Bank (ZWMB) is a licensed microfinance institution wholly owned by the Government of Zimbabwe. Its head office is located at 31 Mutley Bend, Belvedere, Harare. As a women-focused development finance institution, ZWMB is committed to supporting inclusive financial products tailored to the needs of underserved markets. The Offer ZWMB is offering 10,000,000 Redeemable Non-Convertible Preference Shares at a par value of US$1.00 per share bought in lots of 100, amounting to a total value of US$10 million. The shares carry a fixed dividend entitlement, payable annually from income generated by cooperative debentures. The investment has been approved as a Prescribed Asset, making it suitable for pension funds and institutional investors. Shares are redeemable at par value after 10 years and are not convertible into ordinary shares. The offer will commence on 1 May 2025 and remain open for 12 months or until full subscription. Shares are allotted immediately as subscriptions are received, and the minimum investment is US$100.00, equivalent to 100 shares. Use of Proceeds ZWMB will allocate US$6.5 million of the proceeds to purchase income-generating cooperative debentures through the Cooperative Debentures Exchange (CDE), with ZWMB and CFS serving as trustees. The remaining US$3.5 million will be used to capitalize the Exchange and cover associated legal, administrative, and listing costs. All funds are held in an escrow account managed by CBZ and are disbursed according to the stated allocations under the supervision of the appointed trustees. Income & Security Dividends to investors will be paid from coupon income generated by debentures issued by cooperatives and purchased by ZWMB. All proceeds and income from these investments are ringfenced within a trustee-controlled structure to safeguard investor funds. Income collected from cooperatives is paid into escrow and then distributed according to a priority order that ensures dividend payments to preference shareholders, followed by trustee fees and administration costs payable to ZWMB and CFS. Legal and Regulatory Compliance The offering has received approval from the Ministry of Finance and Economic Development as a Prescribed Asset, thereby qualifying it for inclusion in the portfolios of pension funds, insurance companies, and other institutional investors. The structure of the offering complies with the Securities Act (Chapter 24:25), the Companies and Other Business Entities Act (Chapter 24:31), and the Cooperative Societies Act (Chapter 24:05). Risk Factors Investors should be aware of potential risks including regulatory and legal changes, credit risk arising from the performance of cooperatives (which is mitigated by the ringfencing mechanism), market and economic fluctuations, and operational challenges related to fund disbursement and project execution. A comprehensive list of risk disclosures is available in the full Prospectus. Investor Protections A robust escrow and trustee structure ensures that proceeds and income are used strictly for their intended purposes. Investors will receive regular audited financial reports, and the flow of income and the redemption process are managed independently of ZWMB’s general banking operations to enhance transparency and protect investor interests.0 Comments 0 Shares 402 Views 0 Reviews -
Cooperator Credit Card New$10In stock0 ReviewsThe Co-op Pay Credit Card Registration, powered by Co-op Pay SACCO in partnership with Zimbabwe Women’s Microfinance Bank (ZWMB), offers cooperative members and approved individuals access to a credit facility linked to a prepaid or virtual card. This innovative solution enables users to make purchases from partner co-op businesses, withdraw cash, and transact online or in-store, with flexible repayment terms tailored to cooperative cycles. Registration is simple and can be done online or at designated Co-op Pay SACCO or ZWMB branches. The card is designed to promote financial inclusion, support productive borrowing, and deepen participation in the cooperative economy.The Co-op Pay Credit Card Registration, powered by Co-op Pay SACCO in partnership with Zimbabwe Women’s Microfinance Bank (ZWMB), offers cooperative members and approved individuals access to a credit facility linked to a prepaid or virtual card. This innovative solution enables users to make purchases from partner co-op businesses, withdraw cash, and transact online or in-store, with flexible repayment terms tailored to cooperative cycles. Registration is simple and can be done online or at designated Co-op Pay SACCO or ZWMB branches. The card is designed to promote financial inclusion, support productive borrowing, and deepen participation in the cooperative economy.0 Comments 0 Shares 444 Views 0 Reviews -
ZWMB Cooperator Account Digital NewFreeIn stockZimbabwe0 ReviewsThe ZWMB Cooperator Account is a specially designed banking account tailored for the cooperative movement.The ZWMB Cooperator Account is a specially designed banking account tailored for the cooperative movement.0 Comments 0 Shares 301 Views 0 Reviews
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ZWMB Co-op Society Account Digital New$25In stockZimbabwe0 ReviewsThe ZWMB Co-op Society Account is a specially designed banking account tailored for the cooperative movement.The ZWMB Co-op Society Account is a specially designed banking account tailored for the cooperative movement.0 Comments 0 Shares 322 Views 0 Reviews
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