Provision of Affordable Loans and implementation of innovative business development advisory services
We provide convenient affordable financial services and business development advisory services in a sustainable and responsible manner to the business community to alleviate poverty.
Background
Eldridge Finance Limited is a registered Private Company with Limited Liability by Shares under the Company Act of 2013 and Licensed under the Financial Service Act 2010. Incorporated in 2021, Eldridge Finance Limited specializes in designing and implementation of innovative business development advisory services and financing.
As a locally established and owned Malawian Company, Eldridge Finance Limited has made strides in advancing the government’s efforts of reducing poverty levels through implementation of business development advisory services and financing existing and prospective entrepreneurs. The company has also successfully Partnered with the Ministry of Finance, Department of Human Resources to offer loans to civil servants.
The established programs have given opportunity to rural and marginalized entrepreneurs of the population of Malawi to thrive in their businesses with knowledge and resources. Provision of start-up finances has also provided an opportunity to the fresh graduates to acquire basic capital to start their businesses.
Mission
To provide, convenient affordable financial services and business development advisory services in a sustainable and responsible manner to the business community to alleviate poverty.
Our Values
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Strategic Leadership
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Integrity
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Teamwork
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Innovation
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Focus and Transparency
Our Posts
A Post About Finance
Navigating Malawi's Financial Landscape: A Peek into Money Matters
Nestled in the heart of southeastern Africa, Malawi presents a fascinating financial ecosystem that reflects both its challenges and opportunities. The country's economic story is one of resilience, with the Malawian Kwacha serving as the primary currency, telling a tale of economic adaptation and growth.
The In's and Out's
Malawi's financial system operates on a delicate balance between traditional economic practices and modern banking approaches. The Reserve Bank of Malawi plays a crucial role in managing the country's monetary policy and maintaining financial stability in a landscape marked by agricultural dependency and international aid influences.
For most Malawians, money moves through a mix of formal and informal channels. While urban centers like Lilongwe and Blantyre boast modern banking infrastructure, rural areas often rely on more traditional financial networks. Mobile money has emerged as a game-changer, allowing people in even the most remote villages to access financial services through their mobile phones.
Agriculture remains the backbone of Malawi's economy, with most financial activities closely tied to crop production and trade. Smallholder farmers often engage in local economic exchanges that blend traditional bartering with cash transactions, creating a unique financial ecosystem that defies simple categorization.
The challenges are real – inflation, currency fluctuations, and limited access to financial services continue to shape Malawi's economic landscape. Yet, there's an undercurrent of innovation and hope. Young entrepreneurs and digital financial services are gradually transforming how money works in this vibrant nation, bridging gaps and creating new opportunities.
Understanding money in Malawi is more than just tracking currency—it's about recognizing a complex, resilient system that continues to evolve against a backdrop of challenges and remarkable potential.
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