The Government of Zimbabwe recognises the micro, small and medium enterprises (MSMEs) as important contributors to job creation, poverty alleviation and development. While there is common interest in leveraging this potential, the lack of accurate and reliable information about the sector and the challenges it faces obstructs the development of targeted and evidence-based strategies to promote MSME growth. In recognising this, the Ministry of Small and Medium Enterprises and Cooperative Development in conjunction with FinMark Trust and the World Bank embarked on a FinScope MSME survey. The FinScope MSME survey is a research tool which was developed by FinMark Trust. It is a nationally representative survey focusing on small businesses and their financial services needs.
FinScope MSME Zimbabwe is designed to involve a range of stakeholders engaging in a comprehensive consultation process, thereby enriching the survey and ensuring appropriateness and buy-in. The survey was carried out under the auspices of the Ministry of Small and Medium Enterprises and Cooperative Development and funded by the Multi Donor Trust Fund headed by the World Bank. A Steering Committee chaired by the Ministry of Small and Medium Enterprises and Cooperative Development was set up which comprised representatives from FinMark Trust, ZIMSTAT, Ministry of Industry and Commerce, Ministry of Finance, Ministry of Youth Development, Indigenisation and Empowerment, Ministry of Gender, Women Affairs and Community Development,
Ministry of Tourism, Bankers Association of Zimbabwe, Insurance Council of Zimbabwe, Insurance and Pensions Commission, Reserve Bank of Zimbabwe, Zimbabwe Association of Microfinance Institutions, Confederation of Zimbabwe Industries, Zimbabwe National Chamber of Commerce, and Zimbabwe Council for Tourism. These stakeholders performed an integral role in the design of the survey questionnaire and provide valuable insight into the MSME sector. The survey was implemented by Research Continental Fonkom (research supplier) with support from Africa Corporate Advisors (local project coordinator), ZIMSTAT and FinMark Trust.