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BancABC staff and their stakeholders pose for a picture after the luncheon last week

Business Reporter

06 Aprl 2017, MASVINGO
- Various stakeholders in Masvingo have praised BancABC for empowering them through financial support.
Speaking at a luncheon hosted by the BancABC in Masvingo last Friday, school heads and small to medium enterprises owed their successes to the overwhelming financial support which they received from the financial institution.
Most of the school heads and the their School Development Committees (SDCs) who were present testified that their schools were now transformed, leading to better pass rates due to improved educational facilities for school children.
Some of the schools that were at the luncheon include Danhamombe High School, Ndarama High, Mapanzure Secondary, Mutendi High School, St Antony's High, Mukaro High, Vurombo Primary, Silveira High School, Victoria Primary School, Nemanwa Primary School, Helen McGee Primary and Mucheke High among others.
Headmasters who attended the event agreed that the bank has made a huge impact in promoting better education in Zimbabwe.
Most of the beneficiaries of the loan facilities from the bank managed to construct school laboratories, dormitories, administration blocks, libraries and other essential structures that help to equip students with necessary skills. Some schools have also managed to buy vehicles and buses.
BancABC Masvingo branch manager Goodman Mudzviti said the loan repayment plan was structured in a manner which does not choke the borrower.
"You can re-pay the loan on school term basis and you will have up to 15 terms to pay. We are also very flexible in case you want to extend your repayment duration due to reasons beyond your control.
"All you need to do is to come to us early and present your case so that we see how best we can assist each other. We do not want you to feel at home but instead we want you to be at home," said Mudzviti.
Mudzviti also explained that there were a lot of exciting packages for teachers and other civil servants. He said even those who do not receive their salaries through BancABC can get loans from the bank.
BancABC country manager - business banking Oliver Habonimana and the relationship manager business banking McMillan Usaiwevhu, both of whom were present at the luncheon, said the bank was there to develop communities.
"We are here to support your schools and your businesses. We can go out of our way to make sure that we do not disappoint our customers," said Usaiwevhu.
Guest of honour Ray Muzenda, who has been banking with BancABC for a long time, testified that the bank empowered him from the day he opened his account.
"I have enjoyed the services that I receive from BancABC. They treat clients with due respect and they are always keen to find ways of how they can financially empower their clients," said Muzenda.business

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