The Mining Industry Pension Fund (MIPF) has launched a micro loan facility in Zvishavane aimed at supporting pensioners with capital to start small income-generating projects.
MIPF Pensions Manager Thulani Ndlovu said this initiative, which targets retired MIPF members, is part of a nationwide rollout that began in Bindura on July 22. Zvishavane marks the second stop, with upcoming outreach scheduled for Renco Mine and Mashava Gathsmine this week.
The loan scheme is designed to provide financial inclusion for pensioners—many of whom are excluded from traditional banking services due to age and lack of collateral.
He confirmed that no collateral is required, and only registered members of the fund are eligible. Loan vetting will be handled by Micro-plan, with final approvals made by MIPF.
This latest program follows a 2018 initiative which encouraged young workers to take home-building loans before retirement. Officials say the goal is to empower pensioners to remain economically active, maintain a steady income, and improve their livelihoods in retirement.
The rollout is expected to continue across other mining communities in the coming weeks.
