Village banking nets over $10,000 investment lotsBy BUUMBA CHIMBULUVILLAGE Banking has emerged as one of the best performing assets of 2021, with some high profiled groups saving in foreign currency with fairly decent balances of a minimum of US$5,000 to US$10,000 as beginner investment lots.This model has solutioned for many personal and small business segments that seek liquidity to fund needs while not worrying about collateral requirements, according to the Kwacha Arbitrageur Magazine.The magazine indicated that cycles were preferably short in duration ranging from six to 12 months allowing maturity and pay-outs after which other which other cycles commence.Access to capital has remained a key hurdle in Africa generally because banks still ask for physical or cash collateral as such many are incapacitated from borrowing.Zambia has one outstanding investment option that surpassed traditional risk free assets, village banking.The investment options annual interest yield of above 120 percent qualifies it for most lucrative asset even when […]
Village banking nets over $10,000 investment lots
