MICROFINANCE INSTITUTION
FINCA Malawi.
Microfinance institution in Malawi that offers consumer credit for clean cooking solutions
Investment summary.
- Spark+ investment
- USD 1.0m
- Instrument
- Senior debt
- Facility type
- On-lending
- Portfolio category
- MICROFINANCE INSTITUTION
- Countries of operation
- Malawi
- E&S risk classification
- FI-3
- Portfolio status
- Active
Technology and business model.
Consumer finance provider for clean cooking solutions
Investment narrative.
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.
Use of proceeds.
Capital for on-lending to consumers for the purchase of clean cooking solutions
Company.
- Registered name
- FINCA Malawi