• info@maalmicrofinance.net
TAAKULO PROGRAM

OUR SERVICES

Customized, Research-Driven Financial Solutions

OUR SERVICES

At Maal MFI, we offer products specifically designed for our target customers. Leveraging our deep understanding of both current and prospective clients, we have developed customer-centric financial solutions that foster meaningful engagement within our niche markets. Our services align with our vision and mission to empower the informal business sector, MSMEs, women, and youth, and to eradicate poverty through financial education and access to essential financial services.

Market Loan

Used to finance short term working capital and market day loans. It’s a quick one-time facility designed to offer urgent funds. The repayment period is between 1 and 60 Days. The loan size ranges from $50 to $150.

project Loan

Used in financing development projects and medium to long term micro leasing.
Project loans can finance goods, equipment or machinery. The repayment period is between 3 to 12 Months. The loan size ranges from $1,000 to $10,000.

merry go-round loan

Used in financing SHGs, ROSCAs, VSLAs and cooperatives. The loan can be provided to a member individually and vouched for by others and is done on a rotating basis. The loan can also be provided to a group for an identified project. The loan size ranges from $50 to $500 for a group project or $50 to $200 for an individual member.

Improve Loan

Used to finance medium term working capital or long-term investments. The repayment period range is from 26 to 156 weeks or 3 to 36 Months. The loan size ranges from $50 to $10,000.

Agricultural Loan

Used in financing farm inputs and dairy improvements. The repayment period is between 3 and 12 Months, with a grace period dependent on the crop cycle. The facility has an inbuilt insurance cover for both crop and livestock, giving the farmer peace of mind. The loan size ranges from $50 to $10,000.

All our financial products comply with the principles of Sharia Law, ensuring ethical andequitable financial services for all our targeted customers.

FINANCIAL EDUCATION

In addition to our financial products and services, Maal MFI is committed to integrating a financial education program to empower the informal business sector and groups within micro, small, and medium enterprises. This initiative is pivotal in providing our customers and the general public with comprehensive financial knowledge, enabling informed decisions.

FINANCIAL EDUCATION

Providing the clients trainings to build their capacity through theoretical and practical sessions about financial literacy, we give clients ability to understand and effectively use various financial skills, including personal financial management and budgeting.

will offer. !

A part from the financial products and services provided the MMFI intends to infuse financial education program while engaging with informal business sector and groups involved in micro small medium enterprises. This is important and crucial as it will enable the customers and general public to be fully aware and knowledgeable on financial education and enable informed decision.  Financial education program will offer the following services:

Saving education

Raises awareness about the importance of saving, both individually and in groups.

Account opening

Guides customers through the account opening process, essential for managing savings.

Loan and loan education

Educates customers on loan processes, criteria, and required documentation, and the rationale for charges.

Accessing Your Money

Offers practical lessons on account management, including deposits, withdrawals, and statement requests.

Business model development and management

A 3 to 6-week program for entrepreneurs and business owners across sectors, focusing on establishing well-managed and operationally sound businesses.

By integrating these services, Maal MFI not only provides financial products but also enriches our clients’ understanding and management of their finances, fostering economic empowerment and growth.

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