Malawi Market Profile

January 19, 2016 - 9:00am from MicroCapital
The UK government’s Department for International Development (DFID) recently awarded a “returnable” grant of GBP 2 million (USD 3 million) to World Vision UK, a branch of US-based NGO World Vision International, and VisionFund International, a microfinance organization owned by World Vision, to help families in six African countries recover from anticipated severe weather caused by El Niño, a phenomenon of warmer than average waters in the eastern Pacific Ocean. With drought in ...
December 21, 2015 - 5:38pm from Microfinance a Working Solution to Global Poverty
On the fourth day of Christmas, my true love gave to me...Four Calling Birds Stella, Malawi Joseph, Malawi Felistus, Kenya Cashpor client in India Today, we know that a mobile phone is used for much more than calling. It’s the world in your hands. And for Opportunity clients who are able to bank via their mobile phones, it really does open up the world. Mobile phone banking saves clients time, money and increases their ...
December 21, 2015 - 5:38pm from Microfinance a Working Solution to Global Poverty
On the fourth day of Christmas, my true love gave to me...Four Calling Birds Stella, Malawi Joseph, Malawi Felistus, Kenya Cashpor client in India Today, we know that a mobile phone is used for much more than calling. It’s the world in your hands. And for Opportunity clients who are able to bank via their mobile phones, it really does open up the world. Mobile phone banking saves clients time, money and increases their ...
December 16, 2015 - 5:03am from MicroCapital
Opportunity International, a microfinance NGO based in the US city of Chicago, has announced that it intends to sell six of its banks that are located in unspecified sub-Saharan Africa to MyBucks Group, a financial technology company in Luxembourg. It is anticipated that the transaction will take place under a “share purchase agreement”[1] that will enable Opportunity International to become a minority shareholder in MyBucks and hold at least one seat on the organization’s board of ...
November 18, 2015 - 7:06pm from GiveWell Blog
We have refreshed our top charity rankings and recommendations. Our set of top charities and standouts is the same as last year’s, but we have introduced rankings and changed our recommended funding allocation, due to a variety of updates – particularly to our top charities’ room for more funding. In particular, we are recommending that
September 21, 2015 - 6:20pm from Accion Ambassadors
The first thing I noticed when I arrived in Lilongwe was cash. While Zambia rebased its currency two years ago, there are still an inconvenient number of zeroes on Malawian Kwacha. The highest denomination note is worth less than $2 USD. This causes several inconveniences for ordinary Malawians, and Zoona ...
August 27, 2015 - 5:03am from MicroCapital
Qualcomm, a US-based semiconductor and telecommunications company, recently announced a collaboration with Project Concern International (PCI) India, a New Delhi-based branch of the US-based non-governmental organization PCI; Planned Social Concern (PSC), a microfinance institution (MFI) based in Jaipur, India; and Microware Computing & Consulting, an Indian telecommunications and software company. The organizations are launching a project called “Connecting India to Disconnect ...
August 6, 2015 - 6:08pm from Accion Ambassadors
Last week during his visit to Kenya, Obama reiterated his belief in entrepreneurship as the ‘spark of prosperity’ – in Africa in particular. So far this summer, I have found no shortage of young Zambians and Malawians who share this ideology. So why aren’t there more young business owners in Africa? I decided to speak to Brad Magrath – one of the two Zambian brothers who ...
August 3, 2015 - 3:03pm from GiveWell Blog
Good Ventures has granted $25 million to GiveDirectly for the support of GiveDirectly’s general operations. While the grant is unrestricted, we expect that GiveDirectly will most likely use this grant as follows: ~$6-9 million: to hire a marketing team to raise significantly more funding than GiveDirectly has raised in the past. ~$16-19 million: to provide cash transfers to extremely low-income ...
July 20, 2015 - 4:14pm from Accion Ambassadors
In my last blog post, I argued that Zoona’s agents are the ones who really make this company unique. So how does an ordinary person – even if they had a hard start in life or do not meet the minimum qualifications – become a successful Zoon franchise owner? How do they afford the start-up costs and have enough working capital? How do they get a loan without any credit history? Zoona has ...
July 18, 2015 - 8:28am from Accion Ambassadors
Last week I flew down from Lusaka to spend some time working with the product and development team down at Zoona’s HQ in Cape Town. The office here has the same vibrance and energy as the office in Lusaka, but a few additional touches that make you distinctly aware that you’re in the HQ of a cutting-edge start up. Each of the conference rooms are stocked with dry-erase markers to make the most of the IdeaPaint that cover the walls. Huge bean bag chairs adorn the recreation areas. And, ...
July 16, 2015 - 4:54pm from Microfinance a Working Solution to Global Poverty
In March, Opportunity Malawi participated in Global Money Week. This week, for Throwback Thursday (#TBT), we are remembering this year's event.  When thinking about the importance of financial awareness, it can be quite overwhelming at first. Managing money can definitely be difficult; I often feel a pang of panic whenever I take a quick peak at my bank account. Despite this, it is incredibly important for ...
July 16, 2015 - 4:54pm from Microfinance a Working Solution to Global Poverty
In March, Opportunity Malawi participated in Global Money Week. This week, for Throwback Thursday (#TBT), we are remembering this year's event.  When thinking about the importance of financial awareness, it can be quite overwhelming at first. Managing money can definitely be difficult; I often feel a pang of panic whenever I take a quick peak at my bank account. Despite this, it is incredibly important for ...
July 14, 2015 - 7:45am from Accion Ambassadors
My time at Akiba is drawing to a close. When I think back to the day I arrived here, stumbling into the hotel at 4:30am in a zombie-like state after 26 hours of traveling, it seems like months ago. Yet my assignment at Akiba has flown by. Over the past two weeks, I’ve been working on developing recommendations for Akiba’s website redesign – specifically on how to better communicate its mission and work in a ...
May 28, 2015 - 1:29pm from Microfinance a Working Solution to Global Poverty
This month, we released our Spring Global Report. Read on for more information about our latest stats and reporting from the field.  OPPORTUNITY'S GLOBAL MOMENTUM You helped us reach more impoverished families with financial services. As of 12/31/14, nearly 12 million customers spanning 28 countries are using an Opportunity loan, savings account and/or insurance policy to improve their lives. You helped us respond to the urgent needs of entrepreneurs ...
May 28, 2015 - 1:29pm from Microfinance a Working Solution to Global Poverty
This month, we released our Spring Global Report. Read on for more information about our latest stats and reporting from the field.  OPPORTUNITY'S GLOBAL MOMENTUM You helped us reach more impoverished families with financial services. As of 12/31/14, nearly 12 million customers spanning 28 countries are using an Opportunity loan, savings account and/or insurance policy to improve their lives. You helped us respond to the urgent needs of entrepreneurs ...
May 19, 2015 - 5:29pm from Center for Financial Inclusion Blog
> Posted by Center Staff In two weeks the first class of the Africa Board Fellowship (ABF) program will kick-off the fellowship in Cape Town, South Africa. The convening seminar marks the start of the inaugural fellowship, a six-month program aimed at strengthening the governance expertise of microfinance leaders in sub-Saharan Africa. The first class is composed of 31 board members and ...
May 15, 2015 - 9:22am from Accion Ambassadors
It’s that time of the year again – we at Accion are so excited to welcome the 2015 class of Ambassadors to our Cambridge office next week for their official orientation! We’ve got a fantastic bunch of candidates this year who will be working on all kinds of assignments – ranging from impact studies to product development to marketing strategy and human resources – and much more. Next week, ...
May 8, 2015 - 2:55pm from Microfinance a Working Solution to Global Poverty
I am blessed to be able to work for Opportunity International, a job I love, from a home office.  My search for advice for moms with home offices introduced me to a new term: Mompreneur.  There is a burgeoning industry of tools, advice, support and networking for moms creating their own income opportunities, while also caring for their family full time. This didn’t apply to me, but it certainly made me think of the Opportunity International clients I write about every day. They are the ...
April 7, 2015 - 7:23pm from Microfinance a Working Solution to Global Poverty
Running along the eastern part of the African continent, the Rift Valley is a prominent geological feature. Originally thought to extend from Jordan to Mozambique, geologists now note that the full Rift Valley is comprised of several smaller Rifts – including what is now considered the East Africa Rift, extending from the Afar Depression in Ethiopia to Mozambique. Unlike traditional valleys created by rivers or other forms of erosion, Rift Valleys are created by shifts in the ...