Davison Rakasi
CEO
Data as of 30 September 2022. For latest data please see quarterly operations reports.
Over 4,100 clients have taken part in training on using mobile money and 12% of repayments were made via the platform in December. Five operational areas – Salima, Lilongwe, Zimba, Kasungu and Mzuzu – have been part of the pilot to date and the testing will be rolled out to Blantyre, Mwanza and Chikwawa in early 2022. Following the success of this pilot, MLF Malawi will integrate the system into the Musoni core banking platform which will reduce the overall administrative burden of manual disbursements and repayments. The aim is to test and roll out mobile money across all branches by the end of 2022.
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CEO
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Deputy CEO and COO
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CFO
Chairperson
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Director and Group CEO
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Director
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Director
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Director
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Director
“Humanitarian actors have not yet mobilized enough resources to fully mitigate the impacts of back-to-back tropical storms, significant price increases, and the below-average harvest.” – Famine Early Warning Systems Network, USAID
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Davison is an accomplished executive with over 15 years’ experience in Banking and Microfinance. Davison is currently the Chief Executive Officer for MicroLoan Foundation Malawi. Prior to joining MicroLoan Foundation, Davison worked as Interim CEO at a microfinance organisation after gaining significant exposure to operations, technology deployment, sales & marketing, strategy development, and project management in his previous role as Chief Operations Officer.
In his career to date, Davison has held various roles where he was responsible for leading initiatives that strengthened organisational risk management and compliance, as well as customer acquisition and retention. Davison holds a BSc in Accounting and an MBA from Malawi Institute of Management.
Deputy CEO and COO
Joseph Kaipa joined Microloan Foundation in 2008 as a loan officer. He went to assume various roles in the organization such as Branch Manager in 2009, Senior Social Performance Management Officer in 2012 and Senior Regional Manager in 2015. In 2017, he was appointed to the role of Chief Operations Officer.
Joseph has been instrumental in the growth and expansion of MLF’s operations across Malawi and more recently in overseeing the company's thrust towards operational sustainability. Joseph holds a BBA in Strategic Management from Columbia Commonwealth University and a Diploma in Community Development from ABMA. In 2019 he completed an executive development course at the University of Cape Town and in 2018 he also completed a course in Rural and Agriculture finance program with Boulder Institute of Microfinance.
As of May 2022, Joseph stepped in as Interim CEO, and as of November 2022, he became Deputy CEO.
CFO
Majora is a knowledgeable finance leader with extensive experience in the audit, banking and financial sectors with companies including First Capital Bank, Opportunity International Bank, New Finance Bank, Malawi Revenue Authority and KPMG. Majora is a Fellow of the ACCA (2011) and qualified with ACCA in 2005.
Director and Group CEO
Medha Wilson is the Chief Executive Officer at MicroLoan Foundation. In her current role she oversees the activities of MicroLoan’s operations in Africa and is responsible for developing the overall strategy of the Group. She serves on the board of the three MicroLoan subsidiaries in Malawi, Zambia, and Zimbabwe.
Medha has extensive experience in financial inclusion in both senior operational and investment management roles in emerging and frontier markets, across Asia and Sub-Saharan Africa. Her expertise also includes establishing and scaling-up of greenfield operations, turnaround of struggling entities and governance. She also has considerable experience in engaging with a broad range of social and impact investors.
Medha is a Qualified Chartered Accountant and holds a degree in Econometrics and Mathematical Economics from The London School of Economics.
Director
Nick is the director of Development Management Associates CIC, a management consulting firm operating in Lilongwe, Malawi where Nick has lived for over 20 years. DMA specialises in enabling Malawian organisations to realise their potential, by facilitating key players to identify blockages, engage ‘reform entrepreneurs’ to find practical solutions, then implement solutions through ‘test, learn and adapt’ cycles.
Nick got a BA at Cambridge University, UK in Natural Science/Psychology. After qualifying as a Chartered Accountant, he spent 15 years as director of finance, and of HR, of international manufacturing groups. He then switched to non-profit work, spending 7 years as CFO at INGO Plan International, where he acquired his enthusiasm for rural micro-finance in many of the 45 developing countries supported by Plan. He then chose to end HQ-based work, joining Plan in one of those countries, Malawi. After a couple of years he left Plan to become an independent consultant.
He is now sought out for his work, done exclusively in Malawi, in governance, decentralisation and aid effectiveness, with an increasing proportion of his work done pro bono. He is also known for his involvement in local organisations and activities in sectors like environment, child protection and visual arts.
Director
Bernadette Mandoloma is a Professional Business Executive with over thirty years of increasingly responsible experience in the financial services and agricultural sectors. She has skills with solid experience in strategic business management; accounting & reporting at company, group and shareholder level; banking; insurance; financial inclusion; investments management and company restructuring. Bernadette is retired from active roles having worked in a number of organizations in various positions as Chief Executive Officer for NBS Bank PLC; Finance Director for NICO Holdings PLC; Chief Executive Officer for Press Agriculture Limited; Investments Manager for Press Trust and Financial Controller of the then INDEBANK Financial Services Limited.
Bernadette is a Chartered Management Accountant. She holds a Master of Science degree in Accounting and Finance (M.Sc. Acc & Fin) from University of Stirling, Scotland, United Kingdom; Bachelor of Commerce (Accountancy) (B.Com) from University of Malawi and a Diploma in Business Studies (Dip. Bus) also from University of Malawi.
Bernadette has served as Non Executive Director in Key Malawian Institutions (past and present).
Director
Regional Director and Chief Executive Officer Zimbabwe, Board of Directors Zambia
Mateo Zanetic is the Regional Director of MicroLoan Foundation. In his current role he is responsible for operations management, which includes providing hands-on support to MLF CEOs in Malawi, Zambia and Zimbabwe. Mateo serves on all three MLF subsidiaries. His responsibilities include providing guidance and troubleshooting in areas related to expansion to new operational areas and products, development of annual budgets and setting of performance targets for operational staff. Mateo heads the Social Performance Management function and is responsible for developing the evolving SPM framework and the reporting of SPM findings to both internal and external stakeholders. Currently, Mateo also serves as a CEO of MLF Zimbabwe.
Mateo has an extensive background in microfinance operations in Southern Africa, specifically in scale-up of activities, integrating social performance in operational decision-making and in people management.
He holds a degree in Management Accounting and Corporate Finance from Wits University.
Director
Fannie is the Founder and Executive Director of Perisha Agro and Packaging Enterprise, an eco-inclusive agri-business enterprise aiming at improving the nutritional status of women and children under-five by promoting the growing and consumption of biofortified foods including orange fleshed sweet potato, orange maize and cassava products.
Fannie holds an MBA from Eastern and Southern Africa Institute of Management (ESAMI). She worked as the Regional Finance and Administration Manager for World Agroforestry Centre (ICRAF) for Southern Africa region for 11 years before founding Perisha Agro in 2015. As an entrepreneur, she has won several awards in agribusiness including HIVOS Most Impactful Business award, Graca Marcel business award and the Female Biosciences Business Acceleration Program (Fembiobiz). Her company, Perisha Agro has recently qualified in the top 50 business heroes under Jack Ma, the 2022 African Business Heroes competition.
Director
McNeil Mhango is a dedicated IT specialist with more than 14 years of experience overseeing the development of large-scale digital platforms. McNeil has successfully designed and implemented a number of remarkable technological platforms in Malawi and Namibia. His experience includes constructing long-lasting solutions for e-government services, e-commerce, e-procurement, e-identity, and digital payments while collaborating with a wide spectrum of stakeholders. McNeil holds a master's degree in ICT and the knowledge society and is currently working on his PhD in Information Systems.
Director
Rizvaan Khan is a Malawi national and has more than 20 years of trade and developmental experience in the agriculture and horticulture sectors. He has spent much of his career in Africa, working in Malawi, Mozambique, Kenya, South Africa, Tanzania, Zambia, and Zimbabwe. He brings in-depth knowledge of agriculture value chains and has supported the development and funding of agriculture-based commercial out- grower schemes and promoted business linkages of commercial farmers to markets.
Earlier in his career, Rizvaan was a Senior Business Advisor for TechnoServe Inc., where he developed and advised horticulture and agriculture development initiatives. Rizvaan also oversaw business management and development for the USAID-funded EMPRENDA (Empowering Private Enterprise in the Development of Agriculture) program that developed horticulture activities in the Beira Corridor in Mozambique. He has also served as a Business Associate for AgDevCo Malawi, where he oversaw general programme and investment operations, scoping potential investments that were applicable to country portfolios. Currently, he is the Agriculture and Economic Diversification Programme Manager at the Agriculture Transformation Initiative (ATI) a part of the Foundation for Smoke-Free World, a non-profit organization supporting tobacco dependent economies explore alternative value chains and economic uplifts that will directly benefit the livelihoods of small holder farmers.
From his working experiences and engagement with stakeholders ranging from donors, Government, and the private sector in Malawi, Rizvaan has an extensive understanding of Malawi’s agriculture, political, economic and cultural contexts and has built solid relationships with key stakeholders which will be essential in facilitating policy reforms that will expand Malawi’s business environment.
