Malawi Enterprise Development Fund (MEDF), formerly known as Mardef and Opportunity Bank Malawi (OBM) have launched a new initiative that will enable MEDF clients to service loans through OBM’s agents or mobile van. The launch of the initiative, known as New Partnership for Financial Inclusion took place Tuesday evening at Crossroads Hotel in Lilongwe where `MEDF also […]
Community Development Officer for Chikhwawa District Council, Hilda Sambakunsi has encouraged rural women in the district to form Village Saving Loans (VSL) groups to access loans from micro-finance institutions very easily. Sambakunsi made the remarks during an interface meeting organized by Blantyre Synod to evaluate how Economic Empowerment of Women (EEW) project has helped rural […]
Audited financial results for the year ended December 31, 2012 for Opportunity Bank Malawi show that the microfinance institution has registered another net loss of K197 million. This is from another net loss of K774.7 million which Opportunity Bank also registered in 2011. The bank gained its popularity as the bank for the rural masses […]
Two young customers of Opportunity Bank have been sent to Netherlands to represent Malawi at the first Child and Youth Finance International summit billed “Reshaping the future of Finance.” The two are Grey Katsilizeni, 23 who is from rural Lilongwe area of Nambuma. He is involved in buying and selling of crop produce. The other […]