The Zimbabwe Cross Border Traders Association Matebeleland North chapter has registered over 200 new members over the past four months due to availability of funding for their business.
Almost all the new members have successfully accessed loans of between $1000 and $10 000 at a local bank in Hwange to kick start their business.
Both men and women are showing interest with many still processing their membership as companies continue to lay off workers to cut costs.
According to Zimbabwe Cross Border Traders Association Chairperson for Matabeleland North, Mrs Eusabia Rayire, the association is currently assisting some members who have been facing challenges in getting guarantors so that they can submit applications for the loan facility.
“You find situations whereby members fail to find guarantors to help them access the loans but again the association has engaged another company goes which is promising to help the members,” she said
Although goods which include cooking oil, washing powder and bathing soap are on demand on the market, the traders are failing to bring them due to restrictions on their importation.
Some of the new members are making arrangements to travel to Germany as well as Italy in November and December respectively where they will sell Zimbabwean products that are on demand in those countries.