MFI Report-
1.8 million50,79834.9242,753.83.1 million58,738
Mission:
Mission: To improve the lives of the rural poor by taking financial services to the doorsteps of remote and difficult to reach communities, with special focus on women.
Vision: To create a viable regional rural microfinance network with capacity to meet the diverse financial needs of ... Read more
Vision: To create a viable regional rural microfinance network with capacity to meet the diverse financial needs of ... Read more
Mission: To improve the lives of the rural poor by taking financial services to the doorsteps of remote and difficult to reach communities, with special focus on women.
Vision: To create a viable regional rural microfinance network with capacity to meet the diverse financial needs of remote communities, as part of efforts to reduce poverty Hide
Vision: To create a viable regional rural microfinance network with capacity to meet the diverse financial needs of remote communities, as part of efforts to reduce poverty Hide
Background and Main Challenges:
CUMO is a non-profit rural microfinance institution providing financial services at village level to remote rural people in Malawi, particularly productive women. It was established in 2000 by Concern Universal, a United Kingdom registered international development and emergency relief ... Read more
CUMO is a non-profit rural microfinance institution providing financial services at village level to remote rural people in Malawi, particularly productive women. It was established in 2000 by Concern Universal, a United Kingdom registered international development and emergency relief organization founded in 1976 with country operations in Africa, Asia and South America. CUMO is currently operating in over 3,500 villages in 13 districts of Malawi and serving over 59,000 clients, 80% of whom are women. An active member of Malawian Microfinance Network, CUMO offers a range of products including farm inputs finance, off-farm micro-enterprise loans, funeral benefit and health benefit microinsurance, and, entrepreneurship training. Since its creation in 2000 CUMO has issued loans to more than 200,000 clients and positively impacted about 800,000 children of poor families. Hide
Address:
Plot # 214-215 Airfied, Dedza
Dedza
P O Box 222 Dedza
Malawi
Phone:
(+265) 1 223 604
Fax:
(+265) 1 223 694
Email:
cumo [at] cumomw [dot] com
Main Funding Sources:
Grants
Products and Services:
Loans
Insurance
Training and Consulting
Products:
- Off-farm business & agricultural loans
- Facilitated savings in partnership with Standard bank
- Funeral benefit insurance
- Entrepreneurship training in partnership with MEDI (Malawi Enterprises Development Institute)
- Marketing
- Facilitated savings in partnership with Standard bank
- Funeral benefit insurance
- Entrepreneurship training in partnership with MEDI (Malawi Enterprises Development Institute)
- Marketing
Looking for (Investment Types):
Equity
Loans in Local Currency
Capacity-Building Grants
Donations
Guarantees
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 2003
FYE:
31-Dec
Current Legal Status:
NGO
Regulated:
no
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Ezikiel PhiriChief Executive Officerezikiel [dot] phiri [at] cumomw [dot] com+265 1223604
-
Ezikiel PhiriCEOezikiel [dot] phiri [at] cumomw [dot] com(+265) 1 223 604
