FINCA Malawi

Subsidy : July 2021

BIO has granted USD 6,160 of Technical Assistance to Finca Malawi, a microfinance instituion in Malawi.

Amount

€ 5,192.21

Type of investment

Subsidy

Beneficiary locations

Sub-Saharan Africa: Malawi

Investment field

Financial Institutions

Activity

Microfinance institution

Organisation

FINCA Malawi

Domicile

Malawi

More investments in

FINCA Malawi

  • Debt € 1,310,040.00 (2019)

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 a 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.

Read impact and news about this project

BIO invests $1.5m in FINCA Malawi for Microfinance, SME Lending

News

BIO invests $1.5m in FINCA Malawi for Microfinance, SME Lending

12-08-2020

The Belgian Investment Company for Developing Countries recently began disbursing funds as part of a four-year loan of USD 1.5 million to FINCA Malawi, a microfinance institution (MFI) owned by the US-based firm FINCA Impact Finance.

Read more

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