ZIMBABWE’S microfinance sector has called for a crackdown on illegal money lenders who are undermining confidence in formal lending institutions.Advertisements Illegal lending and unregulated informal financing remain widespread across the country, driven largely by the high number of unbanked citizens and lingering public distrust of banks following years of financial instability. Speaking at the 2025…
Call for crackdown on illegal lenders
According to the Reserve Bank of Zimbabwe, the country continues to record strong foreign currency inflows, with foreign currency reserves backing the ZiG reaching about US$1 billion.