*HON SEN. TAWENGWA: Thank you Madam President. A lot of things that I wanted to say have been said by other Hon. Senators but let me say that I am thankful for this Bill which has been brought in by our Minister. On behalf of the women and youth who are not represented here, I want to thank you Minister for bringing this Bill. A long time ago there were pawn shops where you could take your furniture as collateral for a loan but now with this Bill you have laid out the rules. Here in the urban areas, if you go to Hopley suburb, you find that there are a lot of houses that have been built but the residents do not have title deeds. Yes, they are building huge houses but they do not have title deeds to borrow money from the banks. So, we are really thankful for this Bill.
We are also grateful for the idea that banks can give out money to those people with brilliant and innovative ideas. The absence of such a facility was hampering a lot of progress in this country. A lot of people have ideas and they have the strength to work but for them to get the capital was a problem. We really appreciate the introduction of this Bill because for it to happen it shows that people have faith in what you want to do.
Minister, is there a ceiling on the money that one can borrow or it varies with the things that you have. The issue of implementation has been touched by the previous speakers and I want to thank Hon. Senators who have contributed because we have a lot of wealth in our country, especially in the rural areas. Many people have goats, sheep, cattle and even quail birds but they did not know how to use them. Some people were just looking at it as inheritance for their children but these assets will now have value placed on them, especially in light of what Hon. Dokora was saying that there is a lot of wealth out there which can be used by people for trading. I thank you.
*HON. SEN. MAKORE: I want to thank the Minister for the Bill that you have brought in this House. It is good for all the people as what the other speakers have said. What has excited me is that this Bill will give value to domestic animals which are not immovable. My question is that there comes a time when a person declares those movable assets and then a drought occurs and animals die. In the event of a disaster, what would happen to such an arrangement because for immovable property to be guaranteed, it was because a house was built on a fixed place. Can the Minister explain to us what would happen when someone declares a movable asset and natural disaster happens?
+HON. SEN. NDLOVU: Thank you Madam President for the opportunity that you have given to me so that I can make my comments on the Bill that has been brought by Minister of Finance and Economic Development. This Bill is quite good. Hon. Senators have said that when women want to access loans they are asked a lot of questions whether they have title deeds or whether they are married as a way of denying them access to loans even though they have such things. I have title deeds but I have more access to a loan with these title deeds because I am not quite sure whether I will be able to pay their loan with my title deeds. With this Bill, we thank you Minister. It will be easy for us to approach the bank with our properties. They will not fail to give you the loan if you declare your things. I thank you very much Minister. In Matabeleland South, I do not think you will not fail to access a loan from the banks, particularly Agribank helps us. We have livestock and mines and others have such things. I do not see that we will fail to access loans. I am representing women from Matabeleland South. I thank you.
Continued next page
(492 VIEWS)
