Built for Zimbabwean credit-only microfinanciers and salary-based lenders: a US dollar loan book, EcoCash and bank repayments posted against the loan, and the portfolio figures the Reserve Bank asks a registered institution to report.
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Built for Lenders in Zimbabwe
Lendbox gives a microfinance institution or salary-based lender in Zimbabwe one US dollar loan ledger with accounting under it, so the figures in a Reserve Bank return and the schedule a borrower signs come from the same loan record. See how Lendbox compares with other loan management platforms.
How a Zimbabwean MFI runs its book on Lendbox
Salary-based lending dominates credit-only microfinance in Zimbabwe. These are the stages a loans officer in Harare or Bulawayo already runs; Lendbox keeps them on one record per loan.
Add the borrower with the national ID, employer and EcoCash line on file, and let AI document verification check the uploaded ID and payslip before the appraisal.
Run the affordability assessment from the payslip so the instalment offered leaves the borrower with what your policy says they must keep, then price the schedule in dollars.
Route the loan through the approval ladder, record the payout to the borrower's bank account or EcoCash line, and let the general ledger post the entries on activation.
Post an employer stop-order remittance as one bulk batch from the Excel template, and record EcoCash or transfer repayments against the loan as they land. Reminders go out by SMS, email or WhatsApp.
Ageing buckets and portfolio at risk by product, branch and officer give the days-past-due figures a quarterly return is built on, drawn from the loans rather than tallied at quarter-end.
Lending in Zimbabwe
Zimbabwe registers credit-only microfinance institutions under the Microfinance Act and supervises deposit-taking ones more closely. Most lending is in US dollars, which keeps the book simple and the reporting precise.
Reserve Bank of Zimbabwe (Microfinance Act)
Credit-only microfinance institutions register with the Reserve Bank and renew annually; deposit-taking MFIs are licensed and supervised more closely. Lendbox supplies the credit-side ledger with double-entry accounting, trial balance, P&L and balance sheet behind every loan.
US dollar loan books
Most microfinance lending in Zimbabwe is in US dollars. Lendbox runs the workspace in USD, so the agreement, the schedule, the statement and the financial statements all read in the currency the borrower repays in, with no conversion anywhere.
Days past due, with provisioning by class
Returns classify loans by days past due and provision against each class. Lendbox's ageing buckets give the per-loan figure to classify from, and the ledger carries the provisioning entries you post.
Credit Registry at the Reserve Bank, plus licensed private bureaus
Registered lenders submit borrower data to the Credit Registry. Lendbox keeps the full repayment history per borrower, so the record you submit from is the one your officers see.
Employer stop-orders and payroll deductions
Many MFIs lend against a salary with a stop-order through the employer. Lendbox posts a stop-order remittance that covers many borrowers as one bulk batch, one row per borrower, each landing on the right loan.
Sources · Reserve Bank of Zimbabwe — Microfinance supervision · Microfinance Act [Chapter 24:30] · Reviewed .
Money in Zimbabwe
The book, statements and reports run in US dollars, which means no indicative rates and no conversions anywhere on this page. Repayments reach you by stop-order, EcoCash or transfer, and Lendbox records them against the loan.
A dollar workspace means every loan, schedule, statement and financial statement is already in the currency your borrowers repay in.
Post an employer stop-order remittance as one bulk batch, and record EcoCash or transfer repayments against the loan when they land.
The affordability assessment reads the payslip and compares the proposed instalment with what is left; staff loans run on the same book.
Pricing
Plans are billed in US dollars by card, and a Zimbabwean book already runs in dollars, so the amounts below are exactly what is charged, with no conversion anywhere. See the full loan management software pricing in Zimbabwe.
$25
/month
Billed yearly at $300
$89
/month
Billed yearly at $1,068
$134
/month
Billed yearly at $1,608
$185
/month
Billed yearly at $2,220
Yes. A dollar workspace keeps every loan, schedule, statement and financial statement in USD, with no conversion anywhere. If your book is in another currency, the workspace currency can be set to it instead; a workspace runs in one currency.
An officer posts each repayment against the loan when it lands, or you upload the day's receipts as one bulk batch from an Excel template. Lendbox does not connect to EcoCash or to Zimbabwean banks, so nothing is pulled automatically.
Yes. A stop-order remittance is posted as a single bulk repayment batch, one row per borrower, with a preview that flags any row that will not match before it posts, so a mismatched employee number is caught rather than misapplied.
The quarterly figures come out of three reports: ageing buckets for days past due on each loan, portfolio at risk by product, branch and officer, and the ledger's trial balance, profit and loss and balance sheet. You apply the RBZ classification and provisioning to those numbers; Lendbox does not file the return.
The affordability tab on a loan reads the payslip, including by AI import, and compares the proposed instalment with what is left after the deductions you enter. Zimbabwe's statutory lines are entered by you; there is no Zimbabwe payroll preset yet.
Plans run from Basic, for one branch and one staff member, up to Enterprise, all charged in US dollars by card. Because a Zimbabwean book already runs in dollars, the pricing grid on this page shows exactly what you will pay, with no indicative rate and nothing to convert.