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FINCA Malawi
Microfinance institution in Malawi that offers consumer credit for clean cooking solutions
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TECHNOLOGY AND BUSINESS MODEL
Consumer finance provider for clean cooking solutions
COUNTRIES OF OPERATION
Malawi
E&S RISK CLASSIFICATION
FI-3 - Low Risk
SPARK+ INVESTMENT
$1 million senior unsecured debt investment
USE OF PROCEEDS
Capital for on-lending to consumers for the purchase of clean cooking solutions
WEBSITE
FINCA Limited (Malawi) is a regulated deposit-taking microfinance institution. Operating for over two decades with nationwide coverage, it offers a mix of group and individual loans supported by agency and mobile banking. The MFI is one of the country’s leaders by scale, with strong capital adequacy and a resilient track record through macro shocks, aided by governance and technical support from the FINCA network.
Spark+ financing will support loan-book growth including clean cooking finance, delivered in partnership with 265 Energy to provide LPG starter packs and larger bundles to new and existing clients.
