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
-
$643
GDP per Capita -
20.0 Mn
Population -
$0.8 Mn
Gross loan portfolio -
3
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.
