List of Countries
Malawi
LOLC's successful microfinance operations in Nigeria and Zambia led the group to further deepen its presence in the African continent through the acquisition of a 100% stake in Express Credit Malawi in 2021.The entity currently offers Public Servant Loans to the valued customers and functions with a network of agents spread across Malawi.
-
$ 480
GDP per Capita -
23.4 Mn
Population -
$ 1.8 Mn
Gross Loan Portfolio -
4
No. of Branches
LOLC Finance Limited (Malawi)
LOLC Finance- Malawi (previously known as Express Credit Malawi), a non-deposit-taking microfinance institution, was acquired by LOLC in 2021. LOLC is currently in the process of converting the company to a deposit-taking entity. The entity currently offers a wide range of lending products such as salary loans and short-term and long-term loans to its customers.
