MAIIC will be self-regulated development finance entity subscribing, through its board of directors and shareholders, to the principles of good corporate governance. MAIIC will always work very closely with the Association of African Development Finance Institutions (ADFI) which has issued best practice guidelines for DFIs. Once fully operational and has good track record, MAIIC will...
MAIIC’s primary focus is to spearhead private sector development in Malawi thereby improving the well-being of the citizens of Malawi through profitable investments and projects. Its activities achieve that aim by promoting agriculture, SMEs, enterprises and infrastructure.
MAIIC will over time select local and international consultants that will be recommended to project promoters depending on expertise and performance. Contractual arrangement with these consultants will be left to individual project promoters.
On receipt of the project proposal, a decision is made on whether the project is eligible for funding or not. The applicant is then notified of the decision. Once the project is eligible for funding, a detailed appraisal is carried out. After the detailed appraisal, MAIIC makes a decision and the client is notified accordingly....
No, MAIIC does not compete with the existing financial intermediaries. Instead, it will deliver its products and services in collaboration with them. This flexible operating model aligns well with its role as key “bridge” in building partnerships between the public and private sectors. In all cases, MAIIC will disburse funding through cooperating banks and financial...
MAIIC occupies a special position in the financial sector in Malawi. It will provide long-term project financing and will act as an intermediary and conduit of financing for local and international financial institutions unable to lend directly to businesses in Malawi.
Absolutely. MAIIC’s portfolio team works with business promoters to help provide follow-on funding when required. This means a company could secure several rounds of finance from MAIIC over a period of time.
This depends on the how soon MAIIC receives all the necessary documentation and the size and complexity of the finance you need.
The following documents are mandatory: project synopsis detailing; type of project, your financial contribution, other financial contributions, planning permission(s), detailed cost breakdown of the project, details of the project’s revenues, demonstrating loan repayments. In addition to these, you also need the following: a financial analysis, market analysis, technical aspects, risk assessment, organization and management details,...
Applying online with all the required documents will help speed your application. You can save progress on your application and come back later on should you need to do so. However, if this is an issue you can submit just the online application form and send in the necessary documents to us at a later date.
