By Chisomo Phiri
In a bid to make education more accessible and affordable, FINCA Malawi on Friday introduced the’EduSmart Back to School’ promotion.
The initiative offers customers affordable loans to cover education expenses for the new academic year.
Speaking at the launch ceremony in Blantyre, Marketing Manager at FINCA Malawi, Takondwa Chirwa, emphasized the importance of supporting customers in their educational endeavors.
“We recognized that many of our customers were using business loans to fund their children’s education, which often impacted their business performance.Our EduSmart Loan is designed to bridge this gap,” explained Chirwa.
She said as part of the promotion, customers who apply for the EduSmart Loan between January 10 and February 28, 2025, will be entered into a draw to win monthly vouchers worth K100,000 to K500,000.
“These vouchers can be redeemed for school materials, further supporting families in their educational pursuits,” said Chirwa.
Chirwa also disclosed that the institution plans to support over 300 schools across the country this year.
FINCA Malawi was established in 1994 to support small business development through the village banking model.
In 2016, FINCA Malawi became the first microfinance institution in Malawi to accept deposits.
Currently, the institution offers individual loans, savings, and insurance products designed to fit each customer and their evolving needs.
