VIRL Board
Traditional Banking works in stable economies and has built great economies and great nations. It is the mainstream offering tailored toward the employed and those who generally find themselves formally engaged – therein lies its inherent weakness as access to money is easiest for those who need it least.
Virginia Sibanda (Mrs.)
Chief Executive Officer
Mrs Virginia Sibanda is the CEO of VIRL Rural & Social Financial Services (Private) Limited trading as VIRL Financial Services a company that she co-founded in 2010. She holds a Master of Business Administration Degree obtained through the University of Wales Bangor in association with Manchester Business School. Mrs Sibanda is an alumni of the International Leadership Visitors Program sponsored by USAID. She has twenty eight years of experience in banking and microfinance industry in Zimbabwe, with extensive experience in credit risk assessment and lending to micro, small, and medium enterprises.She has attended the general Boulder Institute of Microfinance Program as well as the Rural and Agriculture program and has attended the Symposium for Financial Inclusion sponsored by Mastercard Foundation.Mrs Sibanda is passionate about development work. She is the former Board Chairperson of ZAMFI
Getrude Sibanda (Mrs.)
Board Chairperson
Getrude Sibanda is the Board Chairperson of VIRL Financial Services. She holds an MBA, a Bachelor of Business Studies Degree and is a Certified Forensic Auditor. Getrude is a Financial Management and Internal Control/ Audit expert, with over 20 years of experience, both in the Private and Non-Profit sectors. She is currently working for Young Africa International. She has worked for GIZ (in Zimbabwe and in Eastern Sudan), ADRA, and Canadian International Development Agency. Her areas of expertise include: grant management, overseeing the implementation of projects; budget formulation, monitoring and expenditure control; ensuring compliance to donor contracts and production of periodic financial, internal and forensic audit reports. She has compiled Finance and Administrative Procedures Manuals for a number of organisations that she has worked for or consulted for. She is passionate about development issues and has worked in fragile states
Tambu Mandisodza(Mrs.)
Non Executive Director
Tambu holds a Bachelor’s degree in Accounting from the University of Zimbabwe and is a member of the Association of Chartered Certified Accountants (ACCA). She has over twenty years experience in the financial services sector gained in Zimbabwe and the United Kingdom. She has worked for the Reserve Bank of Zimbabwe, Gain Capital (USA) trading as forex.com (UK) and as Chief Finance Officer for Success Bank
Clara Fosu Quaye (Mrs.)
Non Executive Director
With over 20 years of experience, including 10+ years in Ghana’s microfinance sector, Mrs. Clara Fosu Quaye is renowned for her expertise in policy development, capacity building, and performance assessment. She pioneered the Performance Monitoring and Benchmarking system, advancing microfinance impact nationally and globally. Her advocacy for women’s inclusion led to significant strides in gender-responsive services. Additionally, she’s facilitated partnerships, led clean energy initiatives, and serves on multiple boards, showcasing her diverse leadership in finance and development.
Naome Nkiwane (Mrs.)
Non Executive Director
Naome Nkiwane is a seasoned Public Health expert and development practitioner with over 15 years of experience implementing Public Health interventions. She has successfully managed Non-Governmental funds for area development projects, leading to significant improvements in livelihoods. Her leadership has been pivotal in the non-profit sector, ensuring the effective delivery of health and development programs.
Rugare Nyandoro (Mrs.)
Non Executive Director
Rugare Nyandoro is an award-winning Change Practitioner, recognized with the Highly Commended Award for Advancing Change and Organisation Development Practice by the Henley Forum (UK) in February 2020. She has a demonstrated history of working in diverse industries, bringing expertise in Strategic Planning, Change Management, Compensation, Executive Coaching, HR Policies, Recruitment, Employee Relations, and Organisation Design and Development. Rugare is known for her strong communication, relationship-building, analytical, and creative problem-solving skills, which she applies to drive meaningful organizational transformation.
Elisha Ngunga (Mr.)
Non Executive Director
Elisha Ngunga isa holderof an MBA-University of Gloucestershire (UK), Diplomas in Business Studies and Management, several other certificates, a licensee of Success Motivation International, Inc (USA) and Advanced Certificate in Company Direction( IODZ). He is the Chief Executive Officer and Principal Officer of Construction Industry Pension Fund where he is responsible for the strategy implementation, investments and projects appraisal, risk analysis and management, HR and Corporate leadership. Elisha has a strong and good managerial attributes, strategic appreciation and vision that has led him to build and implement sophisticated plans, with a proven track record,that has explicitly supported business needs. He is a self-driven, self-reliant, and exemplary leader who usesa collaborative approach with good interpersonal skills to engage, motivate and encourage others through change. He also answers to call for charity and spiritual work as he is involved in trust funds for charity and holds position in the Anglican assembly of Zimre Park and Diocese of Harare.
Virl Financial Services
Registered Microfinancier