International Monetary FundWorld Bank2013-10-032013-10-032008-09https://hdl.handle.net/10986/16062This technical note the Malawi 2007 Financial Sector Assessment Program (FSAP) reviews the current challenges of increasing access to financial services in Malawi. After a cursory assessment of the state of the financial sector in chapter one, it summarizes the key challenges of rural financial sector development (chapter two); then discusses the opportunities that branchless banking technology offers (chapter three), the options for strengthening the financial infrastructure (chapter four) and the role of government in increasing access (chapter five). It concludes with recommendations on how authorities may seek to realize these opportunities (chapter six).en-USCC BY 3.0 IGOACCESS BARRIERSACCESS TO CREDITACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCOUNTINGACCURATE INFORMATIONADVISORY SERVICESAFFORDABILITYAFFORDABLE PRICEAGRICULTURAL PRODUCTSANTI-MONEY LAUNDERINGAUTONOMYBANK ACCOUNTBANK BRANCHBANK BRANCHESBANK COMPLIANCEBANK CUSTOMERSBANK FEESBANKERS ASSOCIATIONBANKING INITIATIVESBANKING MODELSBANKING SECTORBANKING SERVICEBANKING SERVICESBANKING SYSTEMBENEFICIARIESBEST PRACTICEBEST PRACTICESBIG BANKSBORROWERBORROWINGBUSINESS ADVISORYBUSINESS DEVELOPMENTBUSINESS OPPORTUNITYBUSINESS PLANCAPITAL MARKETSCASH PAYMENTSCASH TRANSFERSCLEARING HOUSECOLLATERALCOLLATERAL REQUIREMENTSCOMMERCIAL BANKCOMMERCIAL BANKINGCOMMERCIAL BANKSCOMMODITYCONSUMER PROTECTIONCREDIT CARDSCREDIT COOPERATIVESCREDIT FACILITIESCURRENT ACCOUNTCUSTOMER BASECUSTOMER SERVICEDEBIT CARDDEBIT CARDSDEBTDEPOSITDEPOSIT ACCOUNTDEPOSIT ACCOUNTSDEPOSITORDEPOSITORSDEPOSITSDEVELOPMENT FINANCEDEVELOPMENT FINANCE INSTITUTIONSDISASTER RECOVERYDISPOSABLE INCOMEDIVERSIFICATIONDUE DILIGENCE REQUIREMENTSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC POLICIESELECTRONIC BANKINGELECTRONIC PAYMENTEMPLOYEREMPLOYERSEMPLOYMENTENTERPRISE DEVELOPMENTENTREPRENEURSENTRY POINTSEQUITY INVESTMENTEXPENDITURESFARMERFARMERSFINANCE COMPANIESFINANCE COMPANYFINANCIAL ACCESSFINANCIAL DEVELOPMENTFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIATIONFINANCIAL LITERACYFINANCIAL MARKETFINANCIAL PERFORMANCEFINANCIAL PRODUCTSFINANCIAL RESOURCESFINANCIAL SECTOR ASSESSMENTFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICEFINANCIAL SERVICE PROVIDERSFINANCIAL STABILITYFINANCIAL STRATEGYFINANCIAL SUPPORTFINANCIAL SUSTAINABILITYFINANCIAL SYSTEMFOREIGN EXCHANGEFORMAL BANKINGFORMAL FINANCIAL SECTORFORMAL FINANCIAL SERVICESFUNDING SOURCESGENDERGOVERNMENT FINANCIAL INSTITUTIONSGOVERNMENT INTERVENTIONGOVERNMENT POLICIESGROUP LENDINGHOUSEHOLDSINCOME GROUPSINCOME LEVELSINCOMESINFLATIONINFLATION RATESINSTITUTIONAL CAPACITYINTEREST RATEINTEREST RATE CONTROLSINTERNAL CONTROLSINTERNATIONAL BANKINVESTINGINVESTMENT PROGRAMKEY CHALLENGESLACK OF KNOWLEDGELAWSLEGAL AUTHORITYLEGAL FRAMEWORKLENDERSLIMITED ACCESSLIMITED ACCESS TO FINANCELOAN CUSTOMERSLOAN FACILITYLOAN PORTFOLIOLOAN REPAYMENTSLOW FINANCIAL LITERACYLOW-INCOMELOWER INCOMEMAINSTREAM BANKSMANDATESMARKET SHAREMEDIUM ENTERPRISEMERCHANTMERCHANTSMFIMFISMICRO-CREDITSMICRO-FINANCEMICROFINANCEMICROFINANCE INSTITUTIONMICROFINANCE INSTITUTIONSMICROFINANCE LOANMICROFINANCE LOANSMINIMUM DEPOSITMONETARY POLICYNONBANKSOPERATIONAL COSTSOUTREACHOVERHEAD COSTSPAYMENT SERVICEPAYMENT SERVICESPAYMENT SYSTEMSPAYMENTS INFRASTRUCTUREPAYMENTS INFRASTRUCTURESPAYMENTS SERVICEPAYMENTS SERVICESPENSIONSPOINT OF SALEPOINT-OF-SALEPOST OFFICE SAVINGS BANKPRIVATE FINANCIAL INSTITUTIONSPRIVATE FINANCIAL SECTORPRODUCTIVITYPRUDENTIAL REGULATIONSRATES OF RETURNSREAL SECTORRECEIPTREGULAR PAYMENTSREGULATORY FRAMEWORKREGULATORY OVERSIGHTREMITTANCEREMITTANCESREPAYMENTRESERVE BANKRETAIL FINANCIAL SERVICESRISK MANAGEMENTRURAL ACCESSRURAL CLIENTSRURAL FINANCERURAL FINANCIAL INSTITUTIONSSALESSAVERSSAVINGSSAVINGS ACCOUNTSSAVINGS BANKSAVINGS SERVICESSMALL ENTERPRISESMALL ENTERPRISESSMALL LOANSMALLHOLDERSMALLHOLDER FARMERSSMART CARDSMART CARDSSMART MONEYSOCIAL WELFARESOURCE OF INCOMESTAKEHOLDERSSTATE BANK OF PAKISTANSTATUS OF WOMENSUBSIDIZATIONSUBSIDY COSTSTECHNICAL ASSISTANCETRANSACTION COSTSTRANSPORTUNIONWELFARE BENEFITSWorld Bank10.1596/16062