History

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.

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.

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.

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.

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.

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.

14 years after launching, FINCA Malawi matures into a regulated Microfinance Institution (MFI).

FINCA Malawi launches its first insurance product to support financial security for low-income people in Malawi.

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.