Zimbabwe Kelvin Chamunorva Resident Responded to the endless economic crisis in the country, he created an extraordinary pension fund called the Nhaka Life Assurance. His extraordinary offer is that clients receive payments not in money, but in cows.
Considering the constant depretation of the national currency - the Zimbabwa dollar, it is meaningful to accumulate money. However, in the country, the most liquid asset were cows that are securely protected from inflation. This approach, which is a disappointment in the local pension system, has already collected 70,000 clients.
Personal history has become crucial for rethinking the financial situation in the country. The businessman's mother worked at a local bank for more than 25 years, but all its savings disappeared in an instant due to 2008 inflation, reaching more than 230,000 percent.
That is why Chamunorva decided to move to the cows, because the authorities will not be able to simply "print" them, thus avoiding their inflation. The increase in the number of animals also contributes to the increase in the assets of the Fund.
