Microfinance sector sound, registers 230% growth

ZIMBABWE’S microfinance sector registered significant progress following an aggregate net profit of $145,52 billion in the first half of this year, information gathered from the central bank shows.

The increase was largely attributed to improved operational efficiency as reflected by an improvement in the average operational self-sufficiency ratio to 230,39% for the period under review, against the international benchmark of 100%.

During the same period last year, the sector recorded a profit of $4,93 billion.

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