CBZ Holdings March Partnership Magazine 1st Edition - Flipbook - Page 20
CBZ Partnership Magazine • Q1 March 2024
CBZ Bank Schools
Deposit Mobilisation
Promotion
CBZ Bank launched the schools deposit mobilization
promotion on the 1st of March 2024 as part of its efforts
help revitalize Zimbabwe’s education sector.
T
he promotion, an initiative open for primary and secondary
schools, aims to recruit schools, reactivate dormant accounts
and compliment various deposit mobilization initiatives.
The schools deposit mobilization promotion which started running
from the 1st of March will continue up to the 30th of September
2024. To help inculcate a culture of savings the promotion will
incentivize participating schools by rewarding them with monthly
prizes upon meeting the promotion criteria. Consequently, a grand
draw will be conducted at the end of the promotion.
To qualify for the promotion monthly draws, schools are required
to maintain a minimum balance of USD1,000 or equivalent over a
calendar month. To further the value of deposits and savings, with
every USD1,000 that is saved, it signifies a ticket to the promotion
so schools will stand a better chance of winning by saving more
for more entries.
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The promotion is open to new accounts and reactivated dormant
accounts and these will qualify for the promotion provided they
meet the required minimum balance over a month.
Monthly draw prizes will see three lucky schools win one laptop
each and the grand draw prizes will incorporate
• Winner - Solar system worth USD7,000
• 1st runner up - Solar system worth USD5,000
• 2nd runner up - Borehole drilling worth USD3,000
The launch of the CBZ Bank schools deposit mobilization promotion
signifies a progressive stride towards entrenching the values of
financial inclusion, literacy, and responsibility within the fabric of
Zimbabwe’s educational landscape.
