This paper analyses the new Microfinance Act [Chapter 24: 29] in order to reveal the shortcomings in the law and to suggest
areas of possible improvement. The study was carried out using a purely desktop legal research method wherein a critical
review of the piece of legislation was done against the theory surrounding microfinance business principles. The study
concluded that the new Microfinance Act in Zimbabwe has a considerable number of shortcomings born out of both drafting
loopholes and outright lack of thrust of principles promotive of the growth of the microfinance sector in the country.