Over 40% of people living in Malawi live below the poverty line. Most of these are women. Women make up 52% of the population but serious gender disparities still exist in terms of access to, and control of productive resources and opportunities for participation in the country's development.
Around 80% of Malawians live in rural areas, with smallholder agriculture being the main economic activity. However, many people can’t afford to buy seed and fertilizer, and therefore have problems accessing the necessary farming products. As a result, harvests can be modest because of the use of recycled seed and a lack of fertilizer. This results in food insecurity and malnutrition which affects children and women more as their ability to recover from these unrelenting risks and shocks weakens.
With social and economic difficulties typical for the region, our microfinance services meet the needs of rural communities.
We currently operate in 23 of the 44 World Vision community areas. Growth is our priority so that we can maintain operational and financial self sustainability.
Our current and future projects include:
- Joint Livelihoods Project with World Vision to help build resilience of small holder farmers with measurable impact on the well-being of children.
- Development of new products targeting cooperatives established by World Vision.
- Improved efficiency, security and customer service through mobile banking.
Winifrida cares for eight children, two of whom are orphans. Winifrida lacked the means to develop her farm and she produced poor harvests. With little food, her children were left malnourished and often in hospital.
After taking a loan for US$240, Winifrida developed her farm and quadrupled her production. She can now afford to buy her children the things they need.
Masutano Mulaga joined our organisation in August 2010 as Chief Finance Officer and was appointed as CEO in June 2013. He is a Chartered Accountant with vast experience in the financial sector.
Our microfinance institution has a board made up of eight individuals from World Vision Malawi, VisionFund International and private sector professionals. Our CEO leads the management team.
The management team is comprised of highly qualified professionals:
Finley Kandaya, Chief Operations Officer
Samson Sikelo Phiri Chief Finance Officer
Temwach Nkhono, Human Resources and Administration Manager
Francis .A. Saka, Marketing and Integration Manager