The Malawi Microfinance Network (MAMN) is a legally constituted grouping of microfinance institutions and institutions that are providing microfinance related services in Malawi. In September 1997, a national Forum on Microfinance was held in Mangochi and that Forum identified a number of factors that posed serious constraints to the development of the Microfinance Industry in Malawi. Among these factors were, existence of MFI programs with conflicting objectives, very high default levels, subsidized loan schemes that were clearly not sustainable, unclear roles and uncoordinated interventions by different donors and players, and unsustainable practices that hindered the expansion of outreach to the majority of Malawians who lack access to quality and affordable financial services.

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  • who-sm2The Government of Malawi (GoM) recognizes that a more inclusive financial system is critical to the development of the country’s economy. Reforms have been undertaken in Malawi’s financial sector in the past decade; and more recently, innovations have been implemented by various market players in an effort to expand the reach of financial services. Despite these developments, however, a significant proportion of the country’s population still continue to face severe constraints in accessing financial services – including savings, credit, insurance, and payment services
  • Objectives
    • To develop, promote and regulate Microfinance activities so as to ensure good governance as a way of ensuring their sustainability and enhancement of their capacities to stimulate and enhance private sector development and be key players in rural and urban economic and social transformation in Malawi.
    • To facilitate the exchange of experiences, ideas, innovations, information and technologies in order to strengthen microfinance operations among member institutions, and build capacity within the sector as a whole.
  • What we do> Information Dissermination
    > Capacity Building
    > Benchmarking and Performance Monitering
    > Advocacy and Lobbying
    > Resource Mobilisation
  • memb1To become a member of MAMN, an application must be filed with the Secretariat and assessed by the Capacity Building and Governance Committee. A recommendation is then made to  the Network Board for consideration and approval.

    MAMN membership is open to all microfinance institutions and institutions that provide microfinance related services.