Maiic rolls out K42bn finance facility targeting rural firms

MAIIC’s K42bn fund targets farming, rural business growth in Malawi

The Malawi Agricultural and Industrial Investment Corporation (MAIIC) plc has launched a US$24 million (about K42 billion) Blended Rural Finance Facility (BRFF) aimed at expanding access to affordable financing for rural businesses and economically active communities across the country. MAIIC managing director Taz Chaponda said the facility is designed to channel low-cost financing to rural […] The post MAIIC’s K42bn fund targets farming, rural …

MAIIC dangles K42 billion facility targeting rural businesses

ShareBy Suleman Chitera The Malawi Agricultural and Industrial Investment Corporation (MAIIC) plc is implementing a USD24 million (approximately K42 billion) Blended Rural Finance Facility (BRFF) to expand access to affordable financing for rural businesses and economically active beneficiaries across Malawi. MAIIC Managing Director Taz Chaponda said the facility is designed to channel affordable financing to…

Maiic rolls out K42bn finance facility targeting rural firms

Malawi Agricultural and Industrial Investment Corporation (Maiic) has unveiled a $24 million (about K42 billion) Blended Rural Finance Facility to expand access to affordable financing for rural businesses and economically active beneficiaries nationwide. Maiic managing director Taz Chaponda said in an interview on Friday that the facility is designed to channel affordable financing to rural …