FINCA Malawi Teams Up with Vitalite to Offer Solar Equipment Loans to Farmers and Small Businesses

FINCA Malawi Teams Up with Vitalite to Offer Solar Equipment Loans to Farmers and Small Businesses

Published on May 16, 2025 at 12:29 PM by Evance Kapito

254 words • approx. 2 min read

FINCA Malawi, a microfinance institution, has formed a strategic Partnership with Vitalite Malawi to provide solar-powered equipment loans to farmers and small-scale entrepreneurs throughout the country.

The initiative, unveiled today in a press conference held at FINCA Malawi’s head office in Blantyre, aims to promote access to clean and sustainable energy solutions while easing the financial burden for rural and low-income customers.

Marketing Manager at FINCA Malawi,Takondwa Chirwa, stated that this collaboration supports the FINCA’s mission of transforming lives through inclusive financial services.

“Our goal is to change lives, which is why we are partnering with Vitalite to help our customers access affordable clean energy products,” Chirwa explained.

As part of this program, customers will be able to acquire solar-powered items like TVs, solar bulbs, and agricultural tools for irrigation through flexible loan options.

Yamikani Mawanda, Customer Service Manager at Vitalite Malawi, emphasized the partnership’s significance by stating that it will enable people to easily access vital solar products that can greatly enhance their quality of life while benefiting the environment.

This initiative is crucial for promoting clean energy, reducing household costs, and providing a financially feasible way for customers to own necessary equipment. Vitalite operates in 14 districts across Malawi to ensure broad access to solar energy solutions.

The partnership is part of a $2 million initiative (around K3 billion) that builds upon FINCA Malawi’s launch of a Clean Energy Loan in October 2024, previously established with 265 Energy.

Marketing Manager at FINCA Malawi,Takondwa Chirwa

 

Yamikani Mawanda, Customer Service Manager at Vitalite Malawi

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