FINCA Malawi has grown from a single branch in Chiradzulu to 23 service locations around the country in addition to growing digital service channels. The institution currently offers loans to both credit groups and individuals in addition to savings products. We now provide financial services to more than 70,000 clients across Malawi.
Our growth is a testament to our ability to deliver value to our clients. Let’s continue to grow and build brighter futures together.
2019: Celebrating 25 Years of Providing Responsible Banking Solution
After having its first program in Malawi in 1994, FINCA now celebrates 25 years of its existence in Malawi where it has been providing responsible banking solutions in its efforts of promoting financial inclusion.
2018: Launch of FINCA Mobile
FINCA Malawi introduces mobile banking as part of its effort to continue growing in the digital space. With FINCA Mobile, customers are able to conveniently transact whenever, wherever using either a mobile app or USSD short code.
FINCA Mobile allows customers to check their account balance and mini statement as well as transfer funds to their account or mobile wallet, make bill payments and purchase mobile airtime.
2017: Launch of FINCA eXpress (Banki Pachala)
In the constant pursuit of new ways to deliver value to our customers, FINCA Malawi introduces Agency Banking to reach customers closer to where they live and work.
This allows us to increase outreach and positive impact for individuals, families and communities while offering services secured by biometric identification systems. Agency banking offers a more convenient, flexible alternative to traditional branch banking.
2017 Launch of FINCA Impact Finance
In 2011, FINCA International establishes FINCA Microfinance Holding Company LLC (FMH) to manage its microfinance subsidiaries. On January 1, 2017, FMH is officially launched as FINCA Impact Finance and FINCA Malawi becomes a part of the FINCA Impact Finance network.
2016 Our First Savings Product
After successfully acquiring a deposit-taking license, FINCA Malawi rolls out its first savings products, introducing the ‘FINCA Saver’ and ‘FINCA Fixed Deposit’ accounts on April 1, 2016. The savings products reflect FINCA’s vision of expanding financial inclusion in Malawi and making positive impacts in people’s lives.
2015 First MFI in Malawi to Obtain a License to Take Deposits
FINCA Malawi acquires a license to become the first deposit-taking MFI in Malawi.
2014 20 Year Celebration of Serving the People of Malawi
Twenty years since opening its doors, FINCA Malawi now serves more than 51,000 clients with 23 service locations and more than 450 staff members.
2010 Becoming a Regulated Microfinance Institution
14 years after launching, FINCA Malawi matures into a regulated Microfinance Institution (MFI).
2003 Insurance Product Launches
FINCA Malawi launches its first insurance product to support financial security for low-income people in Malawi.
1994 A Seed is Sown
Our operations launch in Chiradzulu with village banking loans. Later, our headquarters are moved to Blantyre and in 1998 our services are rolled out in the central (five branches) and northern (three branches) regions of Malawi.