Microfinance Framework Development for Women Entrepreneurs in Zimbabwe’s Sweet Potato Sector: A Case Study of Bomba, Gokwe, Midlands Province

Abstract

Microfinance has evolved as a strong tool for economic development, particularly in boosting female entrepreneurs in developing nations. This study investigated the persistent financing constraints faced by women entrepreneurs in Zimbabwe’s agricultural sector, with a specific focus on sweet potato farmers in Bomba, Gokwe District, Midlands Province. The objectives were to examine the current status of women’s entrepreneurship in sweet potato farming, identify primary financial barriers, develop a gender-responsive microfinance framework, and evaluate its potential impact on women’s empowerment and rural economic development. The target population comprised women engaged in sweet potato production and marketing within Midlands Province, with 100 participants purposively sampled for quantitative data collection through structured questionnaires. These data were complemented by qualitative insights from interviews and focus group discussions involving farmers, extension officers, and microfinance stakeholders. Descriptive and inferential statistical analyses were employed to assess patterns of financial access and enterprise performance, while thematic analysis captured lived experiences and institutional barriers. Results revealed that, despite improvements in basic financial inclusion, access to diversified financial services such as credit, insurance, and savings remains limited, primarily due to collateral requirements, land tenure insecurity, socio-cultural norms, inadequate extension support, and weak market infrastructure. The study concluded that existing financing models are misaligned with the realities of women agripreneurs. In response, a context-specific, value-chain-embedded microfinancing framework was proposed, integrating flexible collateral options, financial literacy training, and non-financial support. The framework demonstrates potential to enhance women’s economic empowerment, increase agricultural productivity, and promote inclusive rural development in Zimbabwe. By addressing both structural and contextual constraints, the study provides evidence-based recommendations for policymakers and practitioners aiming to strengthen gender-responsive microfinance interventions for rural women entrepreneurs.