War vets demand ‘friendly’ bank loans

War veterans' leader Chris Mutsvangwa reacts to President Mugabe's attack on war veterans. Mugabe accused war vets of using their war credentials to jostle for positions in Zanu PF . Pic Shepherd Tozvireva

ZIMBABWE National Liberation War Veterans’ Association (ZNLWVA) secretary-general and newly-appointed War veterans deputy minister, Victor Matemadanda (pictured) has claimed that war veterans were being denied bank loans by local financial institutions which considered them a risky group.


Addressing war veterans at Entumbane in Bulawayo on Sunday, Matemadanda said most banks in the country were reluctant to lend them money, claiming they had no capacity to pay back.

“When we approached the funeral houses, wanting comrades to be buried, they did not want to work with us even when we have money as we are getting something from our pay, they did not want.

Even banks think that giving the comrades money is risky, but give the tsotsis (fraudsters) who have stolen millions,” he said.

“We are going to approach banks that want to work with us with the conditions the comrades have, so that those banks will be remembered for empowering comrades.

I know there are some banks which were opened by our monies and some of them have closed.”

Banks require collateral in form of movable or immovable assets as a prerequisite to lending.

It can be in the form of property, machinery or livestock.

Matemadanda said the issue of educational assistance for the war veterans’ children will also be looked into.

Last week, war veterans in Bulawayo called on government to honour its tuition fees obligations as their children were being sent home over fees arrears.

“The issue of education assistance is going to be centralised and we have discussed that the forms must be changed because we don’t want forms that are a headache to the people.

I was talking to the director and a new form that is user-friendly is ready,” he said.

Speaking on the land issue, he said on Friday they were in Matabeleland South where they briefed the Provincial Affairs minister Abednico Ncube over housing stands.

“We want to give stands to comrades who brought liberation to this country.

So we said they should talk to their district administrators and have a way forward or an affirmative action for comrades in the growth points and in towns where they live so that they get stands,” Matemadanda said.

“So we will come and talk to the Provincial Affairs minister [Judith Ncube] here in Bulawayo.”

Matemadanda said only those who do not have properties are eligible.

The former freedom fighters received Z$50 000 gratuity from government in 1997 under the War Veterans Act, as compensation for their contribution to the liberation struggle.

In 2014, they submitted a position paper to the Parliamentary Portfolio Committee on Defence and Security, demanding that government pays them $18 000 each in addition to the gratuity.

Matemadanda also called on the former freedom fighters to support President Emmerson Mnangagwa’s government programmes.


  1. Some people will add burden to government now that they are back on fold they will arm twist the revenue authority to bend to their needs. ED has a mountain to climb to normalize the troubled economy

  2. Comment…Funeral policies are always paid in advance Mr Deputy Minister. Banks are not also not giving students, ‘our children’ loans. Therefore, may address this problem for the nation and not for certain group of people. During the war we used to say, “MUHONDO IWE NENI TINE BASA, MUZANU IWE NENI TINE BASA.” Zvino makuita kunge hondo iyi makarwa mega. Makukanganwa vose avo varima, bika, wongorora, tsvaka mbatya nekupayi huku dzisiri kurarira. Yewukayi kuti maisadya derere mubase Minister. Uye yeukayi kuti Zanu PF ahina kusarudzwa newar vets chete. Nekudaro, itayi zvinhu zvegutsaruzhinji Mr Minister.

  3. 38 years later how many war vets have children in school? Let’s be realistic. Some of these claims must be scrutinised.

    Why doesn’t the ministry give war vets loans from their own purse, if they have so much faith that they will be able to pay them back. Even us as the banks clients fail to secure loans.

    As well, please give the names of the “tsotsis” to ZACC or the police, and let’s get action. We are tired about government officials talking about “criminals”, but with zero convictions.

Comments are closed.