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Labrish
Nyuuz
Banks Bombshell as Loans Flood Productive Sectors
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[QUOTE="Nehanda, post: 25255, member: 2262"] Banks in Zimbabwe want to help make the country grow. They give most of their money to people working in farming, mining, places where visitors come, and places that make things. Last year, banks gave these important workers more than seven out of every ten dollars they had. Zimbabwe needs money from other countries because some rich countries made rules that make it hard for Zimbabwe to borrow money. But the banks found ways to help important workers. The banks want to help people make new things and grow food instead of lending money for people to buy things at shops. Dr John Mushayavanhu from the big bank said most banks are doing well. Almost all banks have enough money saved up. Only one small bank, Time Bank, has less money, but people do not keep their money there. The big bank checks every bank to make sure they tell the truth about their money. The banks own many things worth a lot of money—more than they did before. Most of their money comes from lending to people and companies. The banks are careful with their loans. Only a small number of people have trouble paying back what they borrowed. More people are putting their money in banks than before. Many people keep their money in different types of money from other countries. Banks help keep this money safe. The banks want to keep helping Zimbabwe grow and create more jobs. [/QUOTE]
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Nyuuz
Banks Bombshell as Loans Flood Productive Sectors
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