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Al Jazeera
Al Jazeera
Business
Zachariah Mushawatu

The hidden dangers of Zimbabwe’s informal savings clubs

A person holds coins after withdrawing money from a bank in Harare, Zimbabwe [File: Philimon Bulawayo/Reuters]

Harare, Zimbabwe – It was two days before Christmas in the low-income neighbourhood of Mabvuku in Zimbabwe’s capital Harare. Music played, people chatted and most were in a festive mood.

But not the small group of women marching down a narrow, pothole-ridden street on their way to the house of their savings club’s treasurer. They had a much more serious matter in mind.

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