Zimbos fall into debt trap

WHEN Davis Moyo (not real name) was retrenched from his job at a financial institution in Harare last year, he counted himself lucky when he got another job almost immediately, and even luckier when he secured a loan to start a chicken-rearing business that he hoped would supplement his salary.

His application for a $4 000 loan was swiftly processed by one of the many banking institutions that had combed his workplace for new clients. Moyo was soon presiding over his dream business.

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