Zimbabwe has seen improved financial inclusion of women since the Zimbabwe Women’s Microfinance Bank Microfinance Bank (ZWMB) opened in 2018, its minister for women affairs, community, small and medium enterprises development said. Women's profiles in banking have risen from 37% to 70%, she said. Women make up 52% of Zimbabwe's population, and play a significant role in the country's economic development, but the financial inclusion gender gap has been at 9% in developing economies since 2011, limiting women's empowerment. Women are less likely to be able to provide title deeds as collateral security to banks, as traditionally they have not owned property.
Zimbabwe has seen improved financial inclusion of women since the Zimbabwe Women's Microfinance Bank (ZWMB) opened in 2018, its minister for women affairs, community, small and medium enterprises development said. Women's profiles in banking have risen from 37% to 70%, she said. Women make up 52% of Zimbabwe's population, and play a significant role in the country's economic development, but the financial inclusion gender gap has been at 9% in developing economies since 2011, limiting women's empowerment. Women are less likely to be able to provide title deeds as collateral security to banks, as traditionally they have not owned property.