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Learn MoreSmall and Medium Enterprises Development Corporation
Zimbabwe
* Loans - A working capital loan is a loan that is taken to finance the everyday operations of a company. Working capital loans are not used to buy long-term assets or investments.
* Infrastructure Provision - The provision of affordable workspace for small and medium enterprises has been SMEDCO’s concern in Zimbabwe since inception in 1984
* Capacity Building - Small and Medium Enterprises (SMEs) are important drivers of growth in economies across Sub Saharan Africa, accounting for up to 90% of all businesses in these markets.
The Small and Medium Enterprises Development Corporation (SMEDCO) was formed in 1983 through an Act of Parliament and is a parastatal which falls under the Ministry of Women Affairs, Community, Small and Medium Enterprises Development. The organization began operations in April 1984. The institution changed its name from Small Enterprises Development Corporation (SEDCO) to Small and Medium Enterprises Development Corporation (SMEDCO) following amendments to the SMEs Act [chapter 24:12]in February 2014. SMEDCO is a development finance institution which primarily exists to promote the development of micro, small and medium enterprises and co-operatives in the country, through lending and capacity building.
