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Transparent Pricing Initiative Launch: Remarks by the Governor of the Bank of Zambia

Published on June 10, 2011

It is imperative that all institutions provide the price of their loans in terms of the Annual Percentage Rate rather than a monthly percentage. In this way, transparency is enhanced and consumers would have a clear picture of precisely how much they need to borrow relative to their income levels. This would result in responsible lending and a more competitive and transparent microfinance industry.

Click here to read the Bank of Zambia remark


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