Malawi Microfinance Network

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. One of the major recommendations from the forum was the formation of the Microfinance Network, which would champion the adoption of best practices by MFI players and coordinate various interventions to do with the development of the Microfinance Industry in Malawi. The Malawi Microfinance Network (MAMN) was established in October 2001. Currently, the Network has 21 Member institutions. VISION