FINCA Malawi is committed to provide financial services to the poorest in Malawi and to improve the living conditions of micro entrepreneurs. The institution reaches close to 30,000 clients via 17 branches and mainly targets rural and small scale farmers; it has strong roots in gender empowerment. Going forward FINCA Malawi aims to increase its rural outreach and to transform into a regulated institution in order to diversify its product range. In view of this ambition Hivos-Triodos Fund has provided a loan of MWK 325 million (EUR 1 million) to FINCA Malawi.
KEY INDICATORS as of December 31 2014:
- number of loan clients: 40,642
- percentage female loan clients: 58%
- percentage rural clients: 54%
- average loan amount: 171 EUR
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.