The first thing to do before applying for funding is to check whether your business is eligible for investment. Once this has been established you can submit your proposal to MAIIC either online or through its mailing address.
With loans, MAIIC will take full, partial or no security depending on the project. The security can either be from assets in the business to guarantees. MAIIC will also make it possible for bank and other financial institutions to provide funding to businesses by providing risk-reduction mechanisms which may include collateral and insurance arrangement with...
As a non-deposit taking entity MAIIC will aim to keep its interest rates and charges competitive meaning the entity has to cover its costs at all times for its sustainability. Because, it works as a partner of the financial sector in Malawi, MAIIC prices its products and services is a way that does not undermine...
There are product, sectoral and risk limits for financing. Each investment proposal is reviewed based on its commercial viability and developmental impact to the nation including job creation. In almost all cases, MAIIC will collaborate with other banks and financial institutions to increase financing capacity in cases where a project is bigger than what MAIIC...
No for the time being. However, MAIIC is in the process of identifying co-operating partners who may be able to provide grant funding for qualifying projects.
MAIIC offers mostly medium to long term project finance in the form of loans, debt, equity, guarantees etc.
No MAIIC is not a bank. It is will support businesses through the existing banks and financial institutions. Therefore, MAIIC does not offer bank accounts such a current accounts or savings accounts to individuals or businesses and companies.
MAIIC is here to help businesses (both existing and start-ups) with commercially viable projects mostly in the following market segments: SMEs (start-ups and established) Enterprises Infrastructure Agriculture
MAIIC is a private sector-led development finance entity that has been established to bridge the financing gap in Malawi as a way of spearheading private sector development.
