• Sycamore Story

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    The Sycamore Credit Story begun in 2018 when our founder Audrey Mwala, who had spent over 20 years working in public finance, saw the struggle that many Malawians were faced with when attempting to access short term credit. She was taken aback by the stories of every day Malawians who, having failed to gain credit from financial institutions resorted to loan sharks and other informal sources. These were stories which so often ended in heartbreak and strife for the people involved.

  • Line of Credit

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    Loans and lines of credit are two different ways to borrow from lenders for both businesses and individuals. Approval for both loans and lines of credit (also referred to as credit lines) are dependent on their intended purpose, a borrower's credit rating and financial history, along with their relationship with the lender. Loans have what's called a non-revolving credit limit, which means the borrower only has access to the amount loaned once, where they subsequently make principal and interest payments until the debt is paid off. A line of credit, on the other hand, works differently. The borrower receives a set credit limit—just like with a credit card—and makes regular payments composed of both a principal and interest portion to pay it off. But unlike a loan, the borrower has continuous access to the funds and can repeatedly access it while it is active.

    • Address

    Old Air Malawi Buildings P.O. Box 805 Blantyre

    Contact Us

    +265 999 222 725, +265 1 828 108 / 109 loans@sycamorecredit.com

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