Women across Zimbabwe rushed to open bank accounts last year as a special microfinance institution made banking easier for everyone. The Zimbabwe Women Microfinance Bank helped 11,120 people start saving money for the first time. Most customers were women who had never used formal banking services before. The bank handed out over 4,000 loans worth millions of local dollars to help people start businesses. These financial services created 2,350 new jobs across the country.
Harare residents grabbed most of the new banking opportunities with 6,173 accounts opened during 2024. Bulawayo came second with 1,256 people signing up for savings accounts at the women-focused bank. Rural areas like Matabeleland North saw fewer people join with only...