Village Banking Loan


A credit facility accessible to a group of people actively owning individual businesses and united in groups ranging from 10 people to a maximum of 35 people.

Why you should apply for this loan >

  • Facilitates business performance and growth.
  • Flexible repayment period tailored according to the borrowers’ capacity and or desire.
  • No need for a business license.
  • No collateral or security requirements to obtain the loan.
  • Competitive Interest rate.
  • Can be accessed for a number of cycles as long as the client repays well.
  • Loan amounts to individuals in the group ranging from MWK20,000 – MWK1,000,000.

Qualifications for this loan

  • Individual borrowers with active businesses.
  • Applicant must be above 18 years but below 70 years.
  • Group solidarity.
  • At least 3 months of business existence and 6 months living in the community.

Comes with outstanding benefits

  • Groups consisting of 10 – 35 members
  • Relatively large amounts of loans up to MWK1,000,000
  • No security requirements or loan processing fee to access the loan
  • Faster loan processing time
  • Monthly loan repayment
  • Flexible repayment terms and periods of 6 – 10 Months
  • Insurance cover on loan incase of death of client
  • Insurance cover for spouse, family, etc
©2019 FINCA Limited
Privacy Policy