THE Zimbabwe Women’s Microfinance Bank (ZWMB) says it is working around the clock to grow its capital base and ensure compliance with regulatory thresholds despite limited access to funding.
The institution ― wholly owned by the government ― has struggled to meet the minimum capitalisation threshold of US$5 million since its establishment in 2017, leaving it vulnerable to operational risks.
As of December 31, 2023, ZWMB reported total capital of ZWL10,60 billion, equivalent to approximately US$1,74 million.