Post on 30-Mar-2016
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spotlight on Opportunity Malawi
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In 2003, Opportunity Malawi launched a bank to serve people living in poverty. To reach remote communities, Opportunity uses mobile bank vehicles, ATMs and point-of-sale systems in local shops. This allows people to access services right in their own villages, saving the time and cost of travel. Biometric fingerprint identification on each client’s ID card helps keep their savings secure. With deposits of nearly $32 million, clients are funding loans in their own communities and stimulating their economy. In 2010, Opportunity Malawi tremendously expanded its footprint with seven new satellite branches and four new mobile banks, for a total of 10 mobile banks.
Plans for 2011 include:
• adding new delivery channels, including cell phone banking and more point-of-sale locations in post offices and farm shops
• mapping and profiling new smallholder farmer groups to help them diversify from the dominant tobacco cash crop to food crops like maize, tea, soya and coffee, and livestock such as pigs and fish
• launching new marketing and client-listening initiatives to fine-tune products
To learn more, visit opportunityinternational.ca
Canadian Registered Charity # 87751 6385 RR0001
LeadershipCEO Aleksandr-Alain Kalanda
Board Chair Francis Pelekamoyo
Number of staff: 431
Statistics About Malawi population: 15 million
gross national income per capita: $810
population living on less than $2/day: 90%
rural population: 81%
primary school completion rate: 54%
Services Offered• Business loans: Trust Group, Solidarity Group, individual and SME
• Agricultural finance
• Education finance: school proprietor loans and school savings
• Personal savings accounts
• Insurance: life and weather-index crop
• Foreign exchange
• Training: business management, leadership skills, and personal development
Highlights 2009 2010
customers with loans: 45,275 51,152
value of loan portfolio: $28,093,027 $29,902,554
average first trust group loan size: $183 $166
% of loans made to women: 63% 63%
customers with savings: 216,872 308,726
value of deposits: $31,886,401 $31,947,045
average savings balance: $147 $103
microinsurance policyholders: 35,990 31,809
Opportunity Malawi Trust Group client Stella January buys clothes from Tanzania and resells them in the market to help support her two children, ages nine and three. Stella is in her third loan cycle, has opened a savings account and has received financial literacy training from Opportunity. Here, she accesses her bank account through her cell phone.
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To learn more, visit opportunityinternational.ca
Canadian Registered Charity # 87751 6385 RR0001
spotlight on Opportunity Malawi
main branches
satellite branches
kiosks
national capital with main branch,
satellite branch and kiosk
karonga
nkhata bay
mangochi
mulanje
mponela
livingstonia
jenda
dwangwa
kasiya
salima
lujerindirande
fatima
mzuzu
limbe
luwinga
chitipa
kasungu
mchinji
mitundu
chitakale
lilongwe
nenoblantyre market
malangalanga
kanengo