FIFAD

FISD Finance for Agriculture Development

In an effort to compliment and complete the ecosystem, a financial institution was introduced and established in 2014. FISD Finance for Agriculture Development (FIFAD) formerly known as FISD FUND is a wholly owned subsidiary undertaking of FISD Limited Company incorporated under the Company Act. FIFAD is a financing institution which largely focuses on agricultural financing. The institution was registered as a micro-credit agency by the registrar of financial institutions of the Reserve Bank of Malawi (RBM). Meanwhile FIFAD has applied for licencing to upgrade from a Microcredit Agency to Deposit Taking Microfinance Institution. The Company perceives an unfulfilled client need for agricultural loans, business opportunities and skills development to overcome poverty in Malawi. .

What we do
FIFAD was mainly established in the quest of advancing agriculture sector while ensuring poverty alleviation through increased agri-commercial productivity for the export market. Hence the institution specializes in provision of agricultural input and operational loans in form of cash, solar irrigation kits as well as farm inputs to farmer based organizations, individuals, public and private institutions with prioritization of the rural masses
Mission
FIFAD has a mission to increase access to financial services and products by the rural masses by providing affordable financial services in a sustainable and responsible manner in the agriculture and agri-business community/sector in an effort to alleviate poverty.
Vision
To be a valued financial partner of the active populace in order to eradicate poverty and develop a culture of self-sustainability for economic development.
Goals
The goal of the business is to empower vulnerable communities through implementation of demand driven financial interventions (products/services).
Objectives
The objectives of FIFAD include but not limited to the following:
1.To develop skills among the people in urban and rural communities through training in loan management and Agribusiness.
2.To bring financial products and services close to the rural agricultural community through client participatory approach to improve their living standards.
3.To develop a business that will reduce levels of unemployment by providing agricultural finance services that aim at creating employment
Products and Services
FISD Finance for Agriculture Development (FIFAD) has been established to largely focus on development and provision of agricultural products and services that focuses on uplifting individuals who have the desire to engage in commercial agriculture. FIFAD also provides affordable loans on solar energy lighting systems especially for the rural market. Some of the products that are already on the market are as follows:
Agricultural Inputs (fertilizer)
Education Loan Group Business Loan
Payroll Loans
Livestock loans (e.g. Mlimi Alirenji Dairy loan)
Solar irrigation starter pack kit.
My Farm loan (Munda wanga)
Institution Experience
FIFAD has managed to implement and provide several projects and products in the microfinance sector, including managing cash transfer programs. Some of the projects implemented were in partnership with other organizations, as well as in partnership with FISD limited company (especially the NGO department). Some of the projects handled are listed in the table below:
PERIOD(YEAR) PARTNER/PROGRAM DISTRICTS
2006-2013 Agricultural loans (FIFAD (formerly Fisd fund) Lilongwe and Mchinji
2014-2018 FIFAD (formerly Fisd fund) Across the country
2015/2016 Dan Church Aid-Cash transfer program Dowa
2017 Dan Church Aid-Echo project Dowa
2017 WFP-Food for Asset creation Blantyre
2018 Christian Aid- Women and Sustainable Project Mangochi, Chikwawa, Karonga
2018 MICF-Revitalization Kaombe irrigation scheme Nkhotakota
2018 My farm project All districts in central region