Hundreds of cross border traders have so far benefited from the US$15 million loan facility for the sector as the Reserve Bank of Zimbabwe (RBZ)-owned lending group, Homelink has started the disbursement.
Cross borders from the country’s 10 provinces met in Rusape on Saturday to attend the send off ceremony as most of the beneficiaries of the US$15 million loan facility are this week expected to visit a number of countries to buy and sale products.
The cross border traders, who attended the ceremony, were very happy after receiving funding to boost their business ventures and praised the government and the association for considering their interests.
Zimbabwe Cross Border Traders Association President, Dr Killer Zivhu said the start of disbursements is a turning point for the sector with the support expected to transform the lives of most cross border traders.
Dr Zivhu said the association will not only promote importation of goods but will also promote exports to improve balance of trade.
Dr Zivhu said the US$15 million loan facility that attracts only one percent interest is still there with indications that less than US$7 million has been disbursed so far.
The facility will also see the association bringing in products from clothing to groceries for those that do not want to travel under a scheme dubbed: ‘Fill My Shop.’