Cavmont Capital Bank

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Cavmont Capital Bank
legal form Corporation
founding January 1, 2004
Seat Lusaka
management Willa Mun'gomba
Number of employees 40
sales U.S-$
Branch Financial industry
Website http://www.cavmont.com.zm/

Cavmont Capital Bank is a public company based in Zambia . Its main office is in Lusaka , Mukuba Pension House. It has branches in Lusaka, Chingola , Ndola , Kitwe , Mbala , Mpulungu and Mansa . The number of employees is around 40.

Cavmont Capital Bank is a January 1, 2004 merger of Cavmont Merchant Bank Ltd and New Capital Bank Plc, both established in 1992. Cavmont Capital Bank is controlled by Cavmont Capital Holdings Zambia , which belongs to the Cavmont Group in London , an investment company for financial services in and for Africa, which already held over 80 percent of the capital in the two merging banks.

Cavmont Capital Bank is tailored for low-income, small and medium-sized business lending. The bank's fees are lower than usual in the country. The bank's capital is not particularly high at around £ 600,000. Loans are granted in amounts between one and 25 million kwacha, i.e. US $ 250 to 6,250, and are to be repaid within a maximum of 24 months.

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