Malawi has had financial inclusion related policies in place since 2002 and was set to compile its third financial inclusion strategy within a year of the MAP Malawi 2015 project. Concurrently, a number of donors had invested in a variety of financial inclusion-related projects. The result was that, whilst a number of interventions had been implemented, there was limited coordination and focus. MAP Malawi’s endeavours, by conducting a comprehensive diagnostic, was to pinpoint those priority areas that would provide the greatest return on resources invested, for future inclusion strategies.
MAP Malawi’s 2015 reports provided an overview of the financial provision landscape in Malawi (supply-side), a regulatory analysis for the provision of financial services and financial inclusion, and used FinScope data to identify and describe five distinct target markets for financial inclusion in Malawi (demand-side).
From the MAP Malawi analysis of consumer needs and provider realities within the Malawi-specific context, five priority areas emerged:
- Expanding the reach of payments.
- Leveraging VSLAs to enable savings.
- Targeted finance for MSMEs and farmers.
- Niche insurance opportunities to reduce vulnerability.
- Effective consumer empowerment and education.
Download the diagnostic report
Download the synthesis report