Gvt Employees Loan Facility ready

The Secretary to the Public Service Commission (PSC), Ambassador Jonathan Wutawunashe says the Government Employees Mutual Savings Fund (GEMS) loan facility is ready to roll-out from 1 May 2021.

In a statement Ambassador Wutawunashe highlited that qualifying members of the voluntary fund, who have made contributions for three consecutive months can, on 1st of May 2021, apply for loans.


The objective of the fund is to encourage members to accumulate savings through small monthly amounts, provide financial assistance to members and enhance financial flexibility and security for members.


Loans are short term and medium term. Short term loans will have a tenure of up to 12-months, with members able to apply for five-times their net salary for a maximum of ZWL$100 000.00.

Medium Loans will be a thirty-six-month facility which is for a maximum of eight-times one’s net salary for a maximum amount of ZWL$500 000.00. A minimum interest rate of 10% shall apply per annum.


GEMS members are expected to collect and submit application forms at any National Building Society Bank (NBS) branch nationwide or from PSC offices nearest to them.

Applicants should attach copies of Identification Card or valid passport or drivers licence; a Payslip not older than three-months and fill the GEMS Loan Application Form and TY30 deduction form. ZWL$200.00 application fee is levied on all applications.


The PSC is pleased with the level of interest so far expressed by government workers who voluntarily joined the scheme in their numbers. It expects more civil servants to apply to participate as the benefits of membership become more apparent.

The Public Service Commission, cognisant of the important role played by workers’ representatives, has shared the information on GEMS rollout with the leadership of the Apex Council.

More information can be accessed from PSC and NBS websites and branches nationwide.

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