The Malawi Microfinance Network (MAMN) is a legally constituted grouping of microfinance institutions and institutions that are providing microfinance related services in Malawi. In September 1997, a national Forum on Microfinance was held in Mangochi and that Forum identified a number of factors that posed serious constraints to the development of the Microfinance Industry in Malawi. Among these factors were, existence of MFI programs with conflicting objectives, very high default levels, subsidized loan schemes that were clearly not sustainable, unclear roles and uncoordinated interventions by different donors and players, and unsustainable practices that hindered the expansion of outreach to the majority of Malawians who lack access to quality and affordable financial services.
- To develop, promote and regulate Microfinance activities so as to ensure good governance as a way of ensuring their sustainability and enhancement of their capacities to stimulate and enhance private sector development and be key players in rural and urban economic and social transformation in Malawi.
- To facilitate the exchange of experiences, ideas, innovations, information and technologies in order to strengthen microfinance operations among member institutions, and build capacity within the sector as a whole.