Malawi

Business overview

Select commenced operations in Malawi in late 2009 with first disbursements occurring in February 2011. In August 2010, Select Malawi entered into a long-term debt financing agreement with the Soros Economic Development Fund, who were keen to support a housing-focused lending business in this economically disadvantaged country. This funding was converted into local currency using a back-to-back facility with FMB Malawi.

As most Government Ministries in Malawi are headquartered in Lilongwe, Select chose to establish its head office in Lilongwe. Select also has 2 other regional hubs in Blantyre and Mzuzu as well as 27 satellite offices scattered around the country.

Select Financial Services has grown to one of the dominant micro lenders in the Malawi financial services market and is the only MFI focusing on housing microfinance in Malawi.