FINCA Malawi

Subsidy : July 2021 - March 2022

BIO has granted USD 6,160 of technical assistance to Finca Malawi, a microfinance institution in Malawi.

Amount

€ 5,192.21

Type of investment

Subsidy

Beneficiary locations

Africa: Malawi

Investment field

Financial Institutions

Activity

KK.64.191 Microfinance institution

Organisation

FINCA Malawi

Website

https://www.finca.mw/

Domicile

Malawi

More investments in

FINCA Malawi

Debt € 1,310,040.00 (2019-2024)

Headquartered in Blantyre, offers individual loans, savings and insurance products specifically designed for the local market. In 2018, FINCA Malawi expanded its digital footprint with the launch of FINCA Mobile, a service that allows clients to access their accounts, transfer funds, pay bills and purchase mobile airtime. Today, agent and mobile banking account for most of its transactions.

FINCA Malawi is a microfinance subsidiary of FINCA Impact Finance, a global network of 20 microfinance institutions and banks that provides socially-responsible financial services and enables low-income individuals and communities to invest in their future.

Technical Assistance

BIO is co-financing an SPl4 audit which will allow the financial institution to measure and improve its social performance. SPl4 includes the Client Protection Principles, amongst other things, and prepares the institution for a Smart Campaign certification.