At First Microfinance Centre Ltd – Mthunzi wa Aliyense, trust is the foundation of everything we do. We understand that our clients, partners, and stakeholders place their confidence in us, and we take this responsibility seriously.
Our team is made up of highly skilled, experienced, and dedicated professionals who are committed to delivering financial solutions with integrity, transparency, and excellence. Every decision we make, every service we provide, and every interaction we have is guided by the principle of building lasting, trustworthy relationships.
To become a refuge for the active poor country wide. - Mthunzi Wa Aliyense..
To provide top-quality microfinance services delivered by well-motivated professionals, supporting clients’ financial needs across Malawi.
We offer tailored financial products and services to support individuals and civil servants:
Katapila and Banki Mkhondes are the order of the day at most work places in the recent times. Katapila or money sharks would charge up to 100% interest per month while Banki Mkhondes demand between 25% - 50%. While formal banks offering pay day loans are charging between 20% - 30% per month, FMC pay day loan is designed and meant to rescue employees from this trap. FMC Payday Loan is only at 20% per month. No other charges are levied on this loan facility. Minimum loan amount is MK10,000.00 and the debt service capacity determines the limit or MK1.0Million. The facility is available to employees regardless of their employment status. The facility is meant to entirely relieve employers of the cash flow and management burden of abrupt loans which ordinarily may not fit into any criteria. This product is designed largely for all staff especially those in the shop floor to Middle and senior managers who need cash quickly and pay on payday. The employee will submit a quick Application Form in a prescribed format and submit through the employer attached the previous month payslip and copy of a National ID. The loan shall be approved within 4 hours and money disbursed through a Mobile wallet or a bank account. The entire loan including interest shall be recovered in the same month.
The facility is available to permanently employed staff. The emergency advance is available for all emergencies including medical bills short falls, funerals, school fees etc. Employee is legible to get a one-month salary recoverable in 3 months at 10% per month calculated on declining balance. There is no processing fees or any other charges on this facility. Debt Service capacity is not considered on submission of this application.
The facility is available to all employees and the method of application is the equivalent or multiples of the House Allowance an organization pays to the employee ie staff are getting the House Allowance in Advance under House Rental Advances. The House Rental Advances attract 10% per month calculated on declining balance. The facility is available to employees of the organization regardless of their employment status. The facility’s intention is to entirely relieve employers of the cash flow and management burden of House Rental Advances which ordinarily may not fit into any criteria. This product is designed largely for all staff especially those in the shop floor to Middle and senior managers who need cash to pay their landlords in advance to secure accommodation and repay within the same period the rentals fall due.
The facility is designed to assist working class at whatever level to help themselves improve their living standards in a such a manner that they can acquire necessary consumer durables enabling them lead a descent and comfortable life. On the part of the employer, the facility’s is meant to entirely relieve him of the cash flow and management burden of Personal Loans or staff loans generally. It is ideally designed for consumer durables purchase like Sofa sets, dining sets, Display Cabinets, Fridges, Cookers, TV screens and decorders, motor vehicles etc. Personal loans are recoverable in maximum period of 72 months. The employee will complete a Personal Loan Application Form, attach Payslips of the previous 3 months, a copy of a National ID Card, employer ID, utility bill and bank statements through the employer. The facility shall be approved within 5 days and once the loan has been accepted, disbursed through direct transfer to a bank account will be made a day later. The entire loan including interest shall be recovered within 72 months or period of customers choice and affordability.
The facility is designed to assist serving civil servants help themselves improve their living standards in a such a manner that they can acquire necessary consumer durables enabling them lead a descent and comfortable life. It is ideally designed for purchased of consumer durables like Sofa sets, dining sets, Display Cabinets, Fridges, Cookers, TV screens and decorders, motor vehicles etc. Civil Servants loans are recoverable in maximum period of 72 months. The Civil servant will complete a Civil Servant Loan Application Form on the internet, www.firstmicrofinancecentre.com apply online, upload Payslips of the previous 3 months, a copy of a National ID Card, employer ID, utility bill and bank statements and signed and stamped Letter of Undertaking by the controller of ones government department. The facility shall be approved within 48 hours and once the loan has been accepted, disbursed through direct transfer to a bank account will be made a day later. The entire loan including interest shall be recovered within 72 months or period of customers choice and affordability.
The facility is designed to assist public servants own a decent home of their own. The public servant must own the requisite land demarcated and approved by local authorities for residential purposes. The public servant must have valid title to the land. First Microfinance Centre will construct the house and hand it over to the public servant. The recovery period is maximum 20 years or period chosen by the borrower depending upon affordability. The employer must guarantee the facility and undertake to deduct and remit monthly loan repayments to First Microfinance Centre Ltd designated bank account..
With a wide network across Malawi, we serve thousands of clients, delivering microfinance solutions that make a tangible difference in rural and urban communities.
1M+
CLIENTS
Malawi Microfinance Industry is regulated by Reserve Bank of Malawi under Financial Services Act 2010 and Microfinance Act 2010. It has currently over 1,300,000 customers. FMC is a largest Micro credit agency in Malawi currently
100%
SUCCESS RATE
Our loan approval and repayment processes maintain a high success rate, ensuring client satisfaction and financial reliability.
2B
PORTFOLIO PROJECTIONS
With years of experience in microfinance, we combine expertise and local knowledge to support rural and urban communities effectively.
Our team is made up of passionate, skilled, and committed individuals working together to empower rural communities through microfinance services. Each member brings unique expertise, integrity, and dedication, ensuring we deliver meaningful results and make a real difference in the lives of those we serve.
Director
Director
Director
Director
Director
Director & Company Secretary