In this study, ten shear walls were experimentally tested to examine behaviour of ferrocement hollow shear walls subjected to axial and lateral loads. Ferrocement mortar (FM) was used to build eight walls, while normal concrete (NC) was used to build two controls. Walls were lateral reinforced using conventional stirrups, two layers of welded wire mesh (WWM), and expanded steel mesh (ESM). Two specimens lacked lateral reinforcement except for one transverse web in the center of the inner hole. Two symmetric groups of five walls each were created by dividing the walls. While the other group was loaded laterally, one group was loaded axially. In each group, the load–displacement relationship, maximum load and associated displacement, stiffness, ductility, and failure mechanism of FM and NC walls were compared. The results showed that FM walls provided with ESM and WWM had ultimate axial loads that were, respectively, 36% and 19% higher than NC control walls. Ultimate lateral loads and related ultimate drifts of FM walls reinforced with two layers of WWM and ESM were, respectively, 68% and 39%, 96% and 43.5%, larger than control NC wall. For lateral loads greater than those applied to the NC control wall, stiffness increase ratios for FM walls ranged from 2.5% to 89.5%, and for axial loads, they ranged from 20% to 150.5%. The ductility of FM walls increased when compared to NC walls by 58.5% and 158.8% for axial and lateral loading, respectively, when two layers of WWM were utilized to lateral reinforce FM walls. When two layers of ESM were applied to laterally reinforce FM walls in comparison to an NC wall, this increased the walls' ductility under axial and lateral loads by 110.5% and 214.7%, respectively.