About Us
Anthill Capital is a private limited company incorporated under the now repealed Companies Act Chapter (24:11) on 5 May 2016.
The company was granted a Money Lending license number 000695 by the Reserve Bank of Zimbabwe (RBZ) in accordance with the now repealed Micro Finance Act (Chapter 24:29) on 16 September 2016 and subsequently commenced operations on 1 October 2016. The company has successfully renewed its operating license each subsequent year until June 2020 when it was granted a perpetual Credit Only Micro Finance operating license.
Company overview
Anthill Capital has been in existence for four years and has managed to build a loan book in excess of five hundred clients both active and non-active thus already has a sizable market share to sustain its operations going forward.
The existing customers have been loyal to the institution and the majority of them have taken repeat loans over a sustained period of time thus the company has a useful profile of the major clients.
The primary target market for the institution are individuals and small businesses mainly the financially excluded segment, out of school youths and women. The average number of loans by the institution to women for the past three years has been 48%
The products on offer are very short term loans starting at (USD$10) to a maximum of (USD$150) or equivalent Zimbabwe dollar (ZWL) for personal consumptive loans and a maximum of (USD$200) or equivalent Zimbabwe dollar (ZWL) for Micro Small Business loans.
All the personal consumptive loans are currently structured with a tenure of 30 days, however in response to challenges brought about by the COVID 19 induced lockdown and subsequent loss of income for the borrowers, the loans can be restructured and rolled over up to a maximum period of 90 days. Productive loans also have an initial tenure of 30 days but borrowers have an option to spread the repayment over a period of up to 180 days. The institution has a fairly robust credit management system to ensure a health loan book. The loans are available to everyone, either formally employed whom their employers can vouch for or the informal and self-employed individuals who are able to present verifiable constant cash flows and permanent places of residence and business operation. The Institution has a Loan Protection Scheme that is underwritten by Fidelity Life Assurance and it compulsory precondition for granting of loan facilities to clients.