ZAMFI - Key Persons
Job Titles:
- Member of the Board
- Founder and CEO of MoneyMart Finance ( Private ) Limited
Dr. Ethel Mupambwa is the Founder and CEO of MoneyMart Finance (Private) Limited, which she incepted in 2014. She is a Certified Digital Finance Practitioner (CDFP) qualified by Fletcher School at TUFTS University. Ethel holds a BCom (Hons) Degree in Finance, Level 2 CFA student and many certifications in Leadership, Strategy, and Microfinance. In 2021, The International Institute of Philanthropy, IIP, through its Zimbabwe office and on the recommendation of the board, incorporating the African Institute of Philanthropy, (AIP) and the Women's Institute of Philanthropy, (WIP) awarded Ethel an Honorary Doctorate of Humane Letters, DHL, and officially be referred to as Dr. Ethel Chiwara Mupambwa, Doctor of Humane Letters, DHL, Honorius, causa. In that instance, she was also conferred with an Honorary Doctor of Business Leadership & Entrepreneurship from the International Women's University, IWU Ethel is Zimbabwe's Country Facilitator of Digital Frontiers Institute and Founding Trustee of Digital Finance Practitioners Association of Zimbabwe. She desires to make sure every Zimbabwean citizen is financially included. Ethel Mupambwa strongly believes that she has a role in "Sustainable Development Goals" in the fight against poverty, hence MoneyMart Motto: "creating wealth, changing lives" through digital finance. She has ten years' experience linking finance to business operations. Seven of them specialize in digital microfinance, focusing more on innovative ways to include women and youths excluded financially. Ethel discovered that Lack of knowledge, understanding, and financial confidence among consumers, combined with the high cost of serving small communities in urban, semi-rural, and rural areas and stringent requirements for documentation and registration by financial institutions, excludes many poor people from financial services. Hence her drive to make sure that African women are financially included. MoneyMart Finance is a contributor to the promotion of sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. It significantly contributes to SDGs 1, 3, 5, 7 and 8. From only 3 employees at inception from 2014, MMF now employs over 144 employees in 27 Branches across Zimbabwe. MoneyMart is an equal and fair employment provider with an aim to maintain an equal balance of male and female employees. Currently, of the over 144 employees, 60% are female and 40% are male. The youngest person who joined the team was only 20 years old after completing her Advanced Levels and without a college degree. MMF is a firm believer in investing in the training and development of young people and youths for future managerial posts. Ethel, through her leadership and vision in MoneyMart Finance has served over 15,000 microentrepreneurs, 74% of them being women. She freely conducts financial literacy programs that will enhance her to empower women and youths in various businesses financially. In so doing, Ethel has positively influenced the creation of more than 30,000 jobs for women and children. Since 2018, Ethel has distributed over 4,500 sustainable, modern, accessible, renewable, and technologically driven by Pay-As-You-Go solar home systems in rural areas tapping into SDG 7; to make sure that the rural child has more time to study, women can charge their phones without extra costs and even increase their working hours. It is one of Ethel's acts to distribute sanitary wear to rural schools to ensure the girl child is safe and comfortable.
Job Titles:
- Member of the Board
- CEO of Inclusive Financial Services Limited
Dr. Gerald Zhou is CEO of Inclusive Financial Services Limited. He has wide experiece in the banking industry where he started his banking career in year 2000 as a graduate management trainee with Zimbabwe Financial Holdings Limited. He later joined other financial institutions at management and senior level namely Banc ABC, Stanbic Bank, ZABG Bank and Trust Bank Limited. Gerald possesses the following credentials:- Doctorate in Business Administration, Masters in Business Administration, Bachelor of Science Honours in Economics, Masters in Political Marketing, Master of leadership in Development Finance, Advanced Diploma in Corporate Management, Diploma in Banking, Advanced Diploma in Bank Credit Management, Making Microfinance work ILO certification, Post graduate certificate in Corporate Management, Certified Expert in Microfinance, Certified Expert in Digital Finance and Certified Expert in SME finance. Gerald has been awarded a number of accolades in business circles. Notably these include National Businessman of the year, CEO of the year and Service Excellence Executive from Zimbabwe National Chamber of Commerce, Zimbabwe Institute of Management and Megafest.
Lorraine is a seasoned and passionate banker who has an in-depth understanding of micro, small and large businesses across the various industry spectrum. She started her Banking career at Zimbank ( ZB Bank) in 1994 as a Graduate Trainee and has over 25 years of banking experience covering the areas of Corporate Banking; Project Finance; Trade Finance; Lease Financing and Microfinance.She is passionate about entrepreneurship and finds fulfillment in being a catalyst for change in people's economic realities. She is continuously seeking opportunities to engage with organizations that empower entrepreneurs; develop African economies and alleviate poverty. She is a holder of a Bachelor's Degree in Administration as well as an MBA, both from the University of Zimbabwe. Over and above this she has obtained qualifications in banking (AIBZ); Project Management (Diploma) as well as an Executive Qualification in Microfinance.
Fungai is a registered Legal Practitioner, Notary Public and Conveyancer, having obtained his LLBS degree from the University of Zimbabwe. He is a finalist of a Masters degree in Business Administration from Steinbeis University, Germany, has a Certificate in Business Management (University of Zimbabwe), Diploma in Leadership and Developmental Studies and a Diploma in Microfinance. He is the Principal or Senior legal partner at Chimwamurombe Legal Practice (Zenas) which is a leading law firm in Zimbabwe that is collaborating with Andersen Global. The law firm works with microfinance institutions in Zimbabwe in various respects which include registration of mortgage bonds, corporate advisory, training of microfinance, among other financial inclusion initiatives. He sits on various boards, which include the Contact Centre Association of Zimbabwe, Zambuko and Zenas Consulting. Fungai has worked as a legal advisor in various companies before practising in the Labour & Commercial Department of an established and leading law firm in Zimbabwe. His contribution to the board involves all legal advice in respect of the microfinance landscape in Zimbabwe.Since he is actively involved in training of microfinances he will assist the board in giving sound advices to its members. He is well trained in complex deal structuring, labour matters and corporate advisory. Fungai is also a registered Estate Administrator and a member of the Marketers Association of Zimbabwe.
Job Titles:
- the Secretariat Executive Director
Mr. Godfrey C. Chitambo is educated to MBA level, in addition to a Bachelor of Business Studies degree, both from the University of Zimbabwe.In addition to having been associated with the micro, small and medium scale and microfinance sectors for the past 23 years Mr Chitambo sits on the following boards: Zimbabwe Microfinance Fund (trustee), Empretec Zimbabwe, Microfinance Institution Pension Fund, Small and Medium Enterprises Development Corporation (SMEDCO) and Africa Microfinance Network (AFMIN). Recently Mr Chitambo undertook a study visit to Bangladesh in pursuit of deeper understanding of the dynamics of microfinance development. Mr Chitambo has networked extensively in the sector, having done several assignments locally and regionally.
Job Titles:
- Member of the Board
- Chartered Certified Accountant, Legal
Leo Muzvidziwa is a Chartered Certified Accountant, Legal Practitioner, Notary Public & Conveyancer. He holds Bachelor of Accountancy (Honours) and Bachelor of Laws (LLBS) degrees both from the University of Zimbabwe & is in his final (dissertation) semester with the same university studying for a Master of Laws in Commercial Law. Leo is also certified by the Frankfurt School of Finance & Management as a Microfinance Expert © and a holder of an Innovation in Operations Management Certificate from the University of Derby. In addition to being an Affiliate of the Association of Chartered Certified Accountants and an Associate of the Institute of Risk Management, Leo is a Euromoney-trained expert in structured, trade & project finance. Having worked for the over 25 years in various capacities for local, regional and international financial institutions, Leo has had the privilege of leading teams that have raised lines of credit from regional, international and multilateral institutions. He is currently the CEO of Kreamorn Investments, a leading Microfinance Institution and non-executive Chairman of Crossover Enterprises, a cross border transport and logistics company. Leo is a founding partner (now retired) of LLMS & Partners, an organization that provides advisory services in taxation, due diligences, Estate Administration, Judicial Management, forensic accounting services and training on emerging legal and other business areas. He is also the Vice Treasurer of the University of Zimbabwe Alumni Council and a founding trustee of Mwana Mwana Trust, a Chivi-based not-for-profit organisation that focuses on providing support to underprivileged children in the district. Leo is an avid Dynamos & Manchester United fan, a keen golfer & tennis player and is married to Rumbi with four children.
An executive & operations leader with 19+ years' experience in Banking & Microfinance. Driven by visceral need to strategize & innovate. Lloyd is an institutional builder with experience in financial services sector. He is currently serves as Managing Director of Zimnat Financial Services (Pvt) Ltd. In his past roles, Lloyd served as the inaugural CEO of InnBucks Microbank Limited, having championed the bank's licensing, commencement, growth and diversification its operations. Prior to this, Lloyd served in executive and senior management roles for both local and international financial institutions championing pre and post-acquisition, transformation, business rationalization and growth initiatives. Lloyd is an Alumnus of the Boulder Microfinance Training Program, IDI Ireland Strategy & Management in Banking Program, MasterCard Foundation's Africa Board Fellowship Program, Frankfurt School of Finance & Management and several other local and International management development programs. He holds a BSc Natural Resources Management & Agriculture (Honors) Horticulture & Crop Production and has received a number of leadership awards in Zimbabwe. Lloyd currently serves as a Board Member of Zmbabwe Association of Microfinance Institutions (ZAMFI).
Job Titles:
- Chairman of the ZAMFI Board
Saul Chin'anga is the Managing Director for Solten Financial Services. Saul has worked in the banking industry for over 30 years during which time he held several senior positions. He retired in December 2019 as Head of Digital Banking at CBZ Bank. He was recognized as The Most Outstanding Banking and Finance Leader of the year 2019 at the Megafest Business Awards. Saul is a certified Electronic Banking Specialist and hold a post grad diploma in Digital Transformation with Copenhagen University. In addition Saul holds an MBA with Zimbabwe Open University. Recently, Solten Financial Services was awarded the Most Digitalized and Innovative MFI at the ZAMFI Excellence Awards. In light of the global technological developments and the various benefits that arise from using technologies, Saul's experience and knowledge in tech driven payments industry will be beneficial to the ZAMFI board.
Job Titles:
- Administration Officer
- Finance
- Finance and Administration Officer of the Zimbabwe Association of Microfinance Institutions
Judith has served as the Finance and Administration Officer of the Zimbabwe Association of Microfinance Institutions (ZAMFI) since 2003. She has 12years work experience in Finance and Accounting and variance analysis, financial accounting policies and procedures, project management, procurement, general office administration and human resources management. Judith has administered several projects, among them: coordinating the SEEP AFMIN 2007 Frame Workshop held in Zimbabwe and helping to set up the Zimbabwe Microfinance Wholesale Facility Trust (ZMWFT) funded by Hivos, DFID and GIZ (2010 to 2012.) Judith has a Higher National Diploma in Accountancy and is a Part D finalist with the Institute Chartered of Secretaries and Administrators (ICAS)
Prosper Mukumbi is a Programme Officer at the Zimbabwe Association of Microfinance Institutions (ZAMFI), where he plays a key role in supporting the development, coordination, and implementation of initiatives aimed at strengthening the microfinance sector in Zimbabwe. With a background in banking, financial services, and market research, Prosper specializes in loan portfolio quality analysis, financial sustainability assessment, and industry research. His expertise contributes to data-driven decision-making, policy recommendations, and capacity-building programs that enhance financial inclusion and sector growth. As part of the ZAMFI Secretariat, he is actively involved in Monitoring and evaluating microfinance sector performance using key indicators such as PAR (Portfolio at Risk) and OSS (Operational Self-Sufficiency), Conducting industry research to assess trends, challenges, and opportunities within the microfinance landscape. Prosper holds a Bachelor of Commerce Honours Degree in Banking (NUST).
Tinashe Pamacheche is a holder of an Honors Bachelor's degree in Economics obtained from the University of Zimbabwe. A dedicated and entrepreneurial Economist with over 14 years career experience in nonprofit organization and government environments. Highly adept in program development oversight and evaluation. Possesses excellent problem-solving and communication skills. Active listening skills to actually hear what people are saying and ask questions when appropriate, time management skills to manage company's time most effectively, Effective management of fiscal resources to determine best use of resources and exceptional public speaking skills to communication to large groups of people. His key interests are centered on development of infrastructure within the country and around the globe, programme development and how this impacts on development. The interaction between development studies, rural and urban communities and how this affects the position or standard of living affairs within their own societies or countries. His achievements include; successfully rolled out Provincial budget for Rural Capital Development socio-economic projects in 2008, monitored and evaluated more than 10 completed provincial projects in 2007, provided useful insight in crafting and reviewing Departmental Strategic Plan in 2008, mobilised through participatory approach communities towards successful implementation of projects, have attended regional workshops to present provincial project proposals aimed at sourcing funds for water and sanitation projects, the effort of which has culminated in 7 districts receiving funding from UNICEF for 4 years starting January 2007. And his vision is to be part of the decision making team at strategic level of an organisation in initiation and management of socio-economic projects through sound corporate principles which espouse responsibility, integrity, accountability and tolerance for diverse opinions.