Mpelako Finance Zambia Limited (MFPZL) was incorporated in 2023 with the business objective of providing financial service to clients who have been excluded from the mainstream financial system. It’s anticipating commencing operations by December 2024 upon obtaining a Unit Finance Banking License from the Central Bank of Zambia.
Mpelako’s financial inclusion effort focuses on promoting an efficient financial culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro lending and financial advising. As an organisation, our strength lies in possibilities and would bring growth and advancement to our community at large.
Our major strategic focus employs the single lending methodology in its operations with itleaning towards small businesses and young entrepreneurs. It believes in the commitment of innovators and pioneers to work hard and help their families conquer poverty. The combination of cutting-edge technology, a strong and committed Board of Directors and motivated employees will help us create a brand widely accepted by its teeming clients in Zambia.
Mpelako seeks to alleviate poverty by empowering the active poor to move out of the poverty line. To achieve this, Mpelako seeks to:
