Empowering Malawi’s Growth: Finca’s Pledge to Inclusive Finance
Key Business Points
- Finca Malawi has reaffirmed its commitment to financial inclusion in Malawi, introducing new products and services to encourage a savings and investing culture among Malawians.
- The institution has reduced interest rates on its village bank loan facility to 4 percent and increased the maximum loan amount to K4 million, making it more accessible and affordable for small enterprises and youth groups.
- Finca Malawi’s digital transformation continues with the enhancement of its online transaction platform, Finca Mobile, allowing customers to conduct transactions conveniently from their mobile phones, reducing transaction costs and increasing financial accessibility.
Finca Malawi’s Chief Commercial Officer, Madalitso Jonazi, announced the launch of the ‘Finca Ikuoneka Kumeneko’ campaign, which introduces three new products aimed at promoting a savings and investing culture among Malawians. The campaign is a testament to Finca Malawi’s commitment to financial inclusion and its belief that access to affordable finance is a key driver of economic empowerment. As Jonazi noted, "access to affordable finance is a key driver of economic empowerment," and Finca Malawi is dedicated to providing mwana aliko (accessible) financial services to all Malawians.
The institution has revamped its village bank loan facility, reducing interest rates to 4 percent and increasing the maximum loan amount to K4 million. This move is expected to support business expansion, create jobs, and improve household incomes. Additionally, Finca Malawi has introduced the Pamodzi Savings Account, designed for group savings, which provides a secure platform for saving and earning annual interest. This product promotes financial discipline, resilience, and self-reliance among groups and communities, aligning with the concept of ubale (community savings).
Finca Malawi has also upgraded its online transaction platform, Finca Mobile, making it more accessible and convenient for customers to send and receive money, pay bills, and purchase airtime and data bundles. This digital transformation brings banking closer to the people, reduces transaction costs, and enhances convenience, especially for customers in remote areas. As Jonazi explained, "this service brings banking closer to the people, reduces transaction costs, and enhances convenience, especially for customers in remote areas."
The recognition of Finca Malawi as the Best Microfinance Institution in Malawi at the inaugural Superbrands Awards is a testament to the trust Malawians place in the institution. Jonazi noted that this recognition validates the quality, reliability, and impact of Finca’s products and services, demonstrating the institution’s commitment to kujitolea (excellence) in the financial sector. With its continued efforts to promote financial inclusion and provide accessible financial services, Finca Malawi is poised to play a significant role in Malawi’s economic growth and development.
What are your thoughts on this business development? Share your insights and remember to follow us on Facebook and Twitter for the latest Malawi business news and opportunities. Visit us daily for comprehensive coverage of Malawi’s business landscape.
- Empowering Malawi’s Growth: Finca’s Pledge to Inclusive Finance - December 20, 2025
- Revitalising Malawi’s Economy: Key Reforms to Drive Growth and Prosperity - December 20, 2025
- Catalyzing Growth: Driving Job Creation and Economic Prosperity in Malawi - December 20, 2025