Zimbabwe: low interest loans for civil servants
Officials and members of the uniformed forces began to benefit from low-interest loans from the Government Employees Mutual Savings Fund (GEMS Fund), a mechanism put in place to improve their well-being and conditions. on duty.
The Minister of Civil Service, Labor and Social Welfare, Professor Paul Mavima, said yesterday: âWe are happy that civil servants are getting low interest loans under GEMS, because it shows the government commitment to innovation.
“It also shows the sincerity on the part of the Government because we try as much as possible to improve the conditions of service of civil servants.”
Professor Mavima said the GEMS facility undermines loan sharks who prey on officials.
“So, with this fund, civil servants get loans at very favorable rates and the amount they get should do a lot of things, including housing development or starting small income-generating projects, which will improve their means. subsistence.
“We are very happy about this and we are convinced that it will be a game changer, including ensuring that officials keep a lot more of their money instead of having it taken by loan sharks,” he said.
Zimbabwe Teachers Association president Richard Gundani said educators were among many officials applying for the fund.
“We will support the members who want the loan and also those who don’t. But many of our members have shown that they want it and we hope it will benefit them,” he said.
The secretary of the Judicial Services Commission (JSC), Mr. Walter Chikwana, said the fund benefits commission employees across the country.
âVarious staff from different departments of JSC across the country, from Plumtree, Bulawayo to Harare, for example, have benefited from the loan and others will benefit,â Mr. Chikwana said.