Madison Finance Company Limited (MFinance) was established in 2004 and is a Deposit Taking Financial Institution that is regulated by the Bank of Zambia.
The company is a subsidiary of the Lawrence Sikutwa and Associates (LSA) group of companies, an indigenous conglomerate with interests in insurance (life & non-life), asset management (pension fund management, unit trusts, and stock broking), property development and business advisory services as well as tourism.
MFinance was granted a licence to operate as a deposit taking micro finance institution in August 2014 and is now taking deposits from corporates as well as individuals. MFinance also provides a wide array of loan products to micro, small and medium sized entrepreneurs as well as pay-roll backed financial products and services.
MFinance operates a 17-branch network across the country covering peri-urban and rural areas thus assisting to realise the Government’s goal of financial inclusion