Find Out More About Us
The company’s core business is the provision of credit facilities and various financial services to both the formal and informal sectors.
As a wholly owned subsidiary of Atlas Mara Zambia, the company leverages on the strong brand and equity capacity of its parent company to deliver affordable products and services to the mass market and Small and Medium Enterprises.
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Branch network
The company currently has 14 branches across all provincial towns. Micro Finance Zambia Limited also leverages on mobile sales personnel and agents to reach out to customers in areas where the company doesn't have a physical branch.
Micro Finance Zambia Limited is a registered deposit taking Non-Bank Financial institution regulated and supervised by the Bank of Zambia. The company’s core business is the provision of credit facilities and various financial services to both the formal and informal sectors. As a wholly owned subsidiary of Atlas Mara Zambia, the company leverages on the strong brand and equity capacity of its parent company to deliver affordable products and services to the mass market and small and medium Enterprises. Our products include salary backed loans as well as facilities to small and medium enterprises and Gadget Financing. We endeavor to provide products and services to meet the market needs.
Prospective Client’s Employer
Frequently Asked Questions
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What are payroll backed loans?
These are salary backed loans which are deducted at the source.
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What is the maximum loan amount one can get?
The maximum loan amount depends on one’s net income; the higher the earnings, the higher the loan amount.
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If one has a running loan, are they able to access another one?
Yes - one is able to obtain another loan from MFZ which is a parallel loan, provided they meet the affordability criteria. MFZ’s systems are also designed to accommodate loan refinancing without violating the pre-agreed credit vetting rules
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When is one eligible to get a top up loan, and how much can they get?
One is eligible for a top up loan as soon as deductions are made and this also depends upon an individual’s income and existing obligations. Visit your nearest MFZ branch to know the exact affordability rate.
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Does MFZ buy off loans from other financial institutions?
Yes - MFZ is able to pay o loans from other financial institutions
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What are the other requirements for clients in formal employment?
• 3 months latest pay slips
• 3 months Bank Statement
• National registration card
• Work ID, where applicable
• A signed loan pre-approval form
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Is it possible for one to access a loan from a different branch from his/her base town?
Yes - this is made possible by our online and robust information technology platform.
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Do MFZ products carry insurance cover?
Yes - MFZ products are covered under credit life insurance. Further details can be obtained from any MFZ branch.
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What do our products cater for?
Our products are designed in such a way that they meet your needs. This could be education fees, car insurance, medical bills, funeral expenses, building materials, capital for small businesses and other financial needs.
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How does one qualify for a MFZ loan?
The primary requirement for the formally employed is a signed payroll agreement between MFZ and the prospctive client’s employer
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Advantages of MFZ products
• Instant cash
• EFFCIENCYi
• Mobile Services