The Reserve Bank of Malawi (RBM) has given a licence to microfinance network, Foundation for International Community Assistance (FINCA), to operate as a bank in the country.
Speaking during the ceremony of issuing the licence to FINCA, Deputy Governor and Supervisor of Financial Institutions at RBM Grant Peter Kabango urged the bank to be transparent to customers.
“Our call to our banking institutions in the country is that they should be transparent to their customers, once they step into a banking hall to get a loan they should know the interest so that they can be managing to pay back the loan and interest,” said Kabango.
Reacting to the call, FINCA president Rupert Scofield said the bank has been geared to lead the banking industry in Malawi.
FINCA, which is an international non-profit organization, was established in 1984 with its headquarters in Washington in United States of America to facilitate village banking methodology in microcredit.
In Malawi, FINCA was established in 1994 to support low-income small entrepreneurs in all districts in Malawi via its 20 branches.
In addition to its famous village banking model, it also offers group and individual loans.
In God we trust we will excel.. thats an indication that we grown… FINCA PAMODZI
Should any farmer needs feeds for chicken. Fish powder.balance.please. contact for exports 0059
3996393425 Emmanuel c. Dike
Banks MUST learn to be Business Partners & not Slave Masters as they’ve & are.
Welcome development we need competition in the banking industry
koma achepetse zomakwela pa denga kumakachotsa malata osangotenga nyumba yonse bwanji ndiye chikupa mmasiyila ndani
Conglants to RBM
Conglants to RBM
The Probrem Isnt With Finca But The Borower If You Fail To Pay The Money Then What Do You Expect?Malawians Are More Used In Receiving Than Giving Kkkk Its Agood Idea And Its Welcomed We Are Happy For That
The Probrem Isnt With Finca But The Borower If You Fail To Pay The Money Then What Do You Expect?Malawians Are More Used In Receiving Than Giving Kkkk Its Agood Idea And Its Welcomed We Are Happy For That
welcme finca,
Bola musagulise
FINCA all the way
Mbala izi
Ndiya chamba amenewa alibe ulemu pofuna zawo kkkkkkk samafunatu kuduka
How can I explain this testimony to the public about a great man who help me out in serious illness I have HIV AID for good 3year and I was almost going to the end of my life due to the way my skin look like all I have in my mind is let me just give up because life is not interesting to me any longer but I just pray for God every day to accept my soul when ever I’m gone lucky to me my kids brother run to me that he found a doctor in the internet who can cure HIV online he help me out on everything, the doctor ask for my details, so he can prepare the herbal medicine for me from his temple after all he ask is done one week later I started getting more stronger my blood start flow normally for 4 to 5 days I start getting Wight before 6 days my body start developing my skin start coming up after 8 days which he told me that i will be completely healed, I went for HIV test and I was tested negative I’m so happy that I can say I’m not a HIV patient if you have HIV/AID or any sickness he can still help you in getting your ex-back to you please contact him via his email: [email protected], or whatsapp him on +2348143143878.
Cheating people here y?
What about your ex-?
Osayiwala inalitu microfinance,koma panopa iziyendesa motsatila momwe mabank Ena amapangila ngakhalebe kusiyana pang’ono kukhalapo interms of policies,koma polanda katundupo nde ayang’anepo kwambiri zikomele mbali zonse.
Osayiwala inalitu microfinance,koma panopa iziyendesa motsatila momwe mabank Ena amapangila ngakhalebe kusiyana pang’ono kukhalapo interms of policies,koma polanda katundupo nde ayang’anepo kwambiri.
Finca ndi ukapolo wa mwa asamunda sizikusiyana bcoz ili ngat juga imadya zako zonse
Iyaaaa kulanda katundu awa
Finca is # 1 in ever since!!!!
A very welcome development,the’ve been there for a while now with so many beneficiaries, they deserve a licence to work as a bank.
A very welcome development,the’ve been there for a while now with so many beneficiaries, they deserve a licence to work as a bank.
They deserve it as these guys worked for long-term in Malawi and we know them very well
They deserve it as these guys worked for long-term in Malawi and we know them very well
@ first imalanda katundu wanyumba
Kkkkkk apo pokha sayiwara amasesa china chirichose anyamatawa
Kkkkkk apo pokha sayiwara amasesa china chirichose anyamatawa
kkkkkk ndiye azimayi amakaiputa abambo osaziwa,abambo pobwela amapeza pa nyumba payela kkkkk
kkkkkk ndiye azimayi amakaiputa abambo osaziwa,abambo pobwela amapeza pa nyumba payela kkkkk
si ma bank. asatanic. anenedwa nda amenewa ?
Kkkkk komwewo bwana
si ma bank. asatanic. anenedwa nda amenewa ?
Kkkkk komwewo bwana
Chilichonse cha Satanic za Mulungu zili kuti?
ife tikujoya nayo zaka twenty tili nayo
Osabweza Ngongole Nde Satanic
Osabweza Ngongole Nde Satanic
musapusisike guys ndi bungwe lake lija. loti akangongoza ndalama muja chiwongolazanja chake chachikulu plus amati muthu akachedwetsa kubweza amakatenga katunduyense wapakhomo nokha munawona aneba akulira pakhani ya bungwe limeneli lero ali tiwasegulire bank. tiwabele bwino. munya
U hav a business, take a loan, pledge a collateral, due date comes,u neva pay nor show up to give an excuse, doesnt even pick calls. What’s next?? The borrower has to make an initiative!!oh yes, thus collecting the pledged collaterals. FINCA doesnt take away wat U did not pledge. Ask those who have been into it, not just from rumours. And mind U, this is to do with savings, no collateral attached!!