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.
Audrey Mwala - Founder
To counter this, she sowed the seed of Sycamore Credit Limited in April of 2018 and by August, had been given a license to operate by the Reserve Bank of Malawi. In doing so, her vision was to create an organization that would:
“be the leading provider of customer centric financial solutions for the social and economic development of Malawi”
To do this, she knew that our mission had to be to:
“become the preferred micro-finance house in Malawi”
Along the way on this journey, we have managed to assist over 1,000 customers with over K600mn which has gone towards the growth. We have done this by offering them the opportunity to access amounts that fit their requirements and the opportunity to repay in terms that they are comfortable with. We currently operate in Blantyre with a team of compassionate and dedicate team members with a view to expanding physical presence to the rest of Malawi over the coming year. Get to know our team by clicking here.