Harare Office

+263 24 2702 146/7

Bulawayo Office

+263 29 67485

Email Address


Opening Times

Mon-Fri | 8:00am-4:30pm

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Technological Friendship with TAAT Consulting

At the ZAMFI Winter School in August 2023, TAAT Consulting donated two systems to ZAMFI.

The modalities were to be left to the ZAMFI Chairman. In fulfilment of that promise, TAAT called on the ZAMFI board to handover the systems. The ZAMFI board in return, handed over the systems to two of their members namely Missapi Finance in Marondera and Fundhouse Finance in Gweru.

The systems are a desire to upgrade and accelerate digitalization of microfinance institutions so that they can reach remote areas with less costs thereby making microfinance more accessible and more affordable.

The sector applauds TAAT for their timely technological friendship.

Executive Certifcate in Microfinance and Entrepreneurship Course

National University of Science and Technology – CENTRE FOR CONTINUING EDUCATION in partnership with the ZIMBABWE ASSOCIATION OF MICROFINANCE INSTITUTIONS is proud to introduce the ECME Intake Program which is going to commence on 11 Feb 2023

About ECME

NUST Centre for Continuing Education and ZAMFI launched the Executive Certificate in Microfinance and Entrepreneurship (ECME) course in 2018 and since then more than 200 students have graduated with certificates from the program. The ECME course program was designed to develop the next generation of microfinance practitioners in the industry, equipped with cutting edge skills and knowledge related to international microfinance best practices and conduct. To this end the programme makes use of current practitioners, past practitioners and practitioners who have been directly involved with the subjects under offer. The online facility makes sure we encompass students from all over the country as compared to straight jacketed classroom face to face programmes which exclude other aspiring students. ZAMFI therefore urges all practitioners to enroll their Officers so that they meet with the most current local and international interface with microfinance. The students also learn from peer experiences.

Online and Distance Education for ECME Program for 2023

The ECME program for 2023 shall be undertaken under a blended learning strategy which was already approved for all universities by government in 2020. This strategy is primarily designed to ensure a smooth and uninterrupted flow of the course program as well as protecting the health of students, lecturers and administrators of course programs. In general, it is a mixture of limited campus lecturing, use of affordable and convenient online learning tools and distance education.

Duration: The program shall run for a six (6) month period with two (2) blocks made up of four course modules. At the end of each block, the students will be requested to sit for an exam designed to test the application of knowledge, application and insights in a practical microfinance working environment.

The course program shall start on Saturday 11 February 2023.

Application Fee:A non-refundable fee of ZWL$8000.00

Tuition Fee:US$45.00 per module i.e. US$180.00 per block or ZWL$ equivalent.

Application/Registration forms:These are attached to this advert and also available at the ZAMFI offices and Bulawayo NUST CCE Office. Kindly send a scanned copy with your details to email:tpamacheche@zamfi.org and gnhepera@gmail.com before 03 February 2023.

Registration and payment of fees deadline: 03 February 2023.

Contact Details

ZAMFI offices,74 Rhodesville Avenue
Greendale , Harare

Telephone +263 242 702146-7 or 2702173
Tinashe Pamacheche +263 715 868595
Judith Nyanderu +263 772 810133
George Nhepera +263 772 149459

Below are the course modules for the two blocks of the program:

1st Block/Semester 2rd Block /Semester

  1. Fundamentals of Microfinance
  2. Principles of Entrepreneurship
  3. Microfinance Lending and Risk Management
  4. Financial and Social Performance Analysis for Microfinance Institutions (MFIs)

  1. Fundamentals of Digital Money and Finance
  2. Regulation and Supervision of Microfinance Institutions
  3. Market Research and Marketing of Microfinance Services
  4. Strategic Business Planning for Microfinance Institutions(MFIs)and SMEs

ZAMFI Banking Details

Account Name: ZAMFI
Bank: First Capital Bank
Account Number: 6816154
Code: 2157

Lorraine Ndlovu

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.

Mr Eilex Felix Muzvondiwa-Chairman of the ZAMFI Board

Mr Eilex Felix Muzvondiwa is the new ZAMFI Chairman, taking over from Mrs Virginia Sibanda who illustriously served her 4 year term. Mr Muzvondiwa is the Managing Director at Yambukai Holdings Private Limited, one of Zimbabwe’s leading micro finance institutions. Part of Mr Muzvondiwa’s most gifted attributes are very strong financial and investment analysis, very strong strategic and risk management and communication. Befitting skills needed for a Chairman, Mr Muzvondiwa is diplomatic, buoyed by strong people management skills. In addition to an Honours degree in Economics from the University of Zimbabwe and a Master in Business Leadership degree from UNISA majoring in Finance and Investment Management, Mr Muzvondiwa holds a full Institute of Bankers (IOBZ) qualification obtained with two National prizes in Economics as well as Financial Management. As all wise people do, Mr Muzvondiwa is an ardent believer in Matthew Chapter 6 vs 33 which talks about “…seek first ye the Kingdom of God…” and in fulfilment of this verse he holds a diploma in Theology from the Africa Christian Training School and he is a practising preacher at his church and different fora. Mr Muzvondiwa has sat on several boards in high flying and high performing institutions. It is the sincerest wishes of the sector that he shall utilise all these attributes as he leads the sector to greater heights.

Godfrey Chitambo

The Secretariat Executive Director Mr. Godfrey C. Chitambo

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.

Judith Nyanderu

Finance and Administration Officer Ms. Judith Nyanderu

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)

Tinashe Pamacheche

Tinashe Pamacheche – Programmes Officer

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.

Fungai Chimwamurombe

Mr. Fungai Chimwamurombe-Chairman of the POC

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.


Tinashe Manzungu

Dr. Tinashe Manzungu

Dr. Tinashe Manzungu is a business magnate who has pioneered TM Group into a diversified investment portfolio. He is a celebrated Zimbabwe born business man who founded TM Group from humble beginnings. Born 34 years ago at a mining town of Kwekwe in the Midlands Province, he comes from a strong Christian background and a family-oriented man. Dr. Manzungu is a holder of a Doctorate in Business Leadership (DBL) from the International Women’s University (IWU). He also has a Masters of Science in Business Leadership (MBL) from the International Women’s University (IWU). He is also a holder of Honours Degree in Geography and Environmental Science (HonGES) from the Midlands State University (MSU). Furthermore he is a Master of Business Administration ( MANCOSSA UNIVERSITY) S.A Candidate. Dr. Manzungu’s substantial experience and expertise continue to be recognized as he has been appointed to seat on the following various boards: ZNCC Zimbabwe National Chamber of Commerce (President), MSU Midlands State University (Council member), ZBCA Zimbabwe Building Contractors Association (Junior Vice President), ZIMCARE TRUST (Committee Member), CCC Crime Consultative Committee (Committee Member) and GAAYED Global Appeal for Accelerated Youth Empowerment and Development (Founding Appellant. He has received numerous accolades including MEGAFEST Business Award Top 20 Outstanding Man In Business 2019 and MEGAFEST Business Awards Businessman Of The Year 2020.

Saul Chin'anga

Mr. Saul Chin’anga-Vice 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.