Futuro Microbank

The microfinance institution Futuro Mcb, SA currently provides financial services (loans, savings, insurance) to micro, small and medium enterprises (MSMEs) mainly in and around Nampula city. Switzerland will continue to support Futuro with a grant for technical assistance that will help the bank to expand its impact by providing financial services to more low-income entrepreneurs in more regions in Northern Mozambique, thus allowing them to enhance their income and create more jobs.

Paese/Regione Tema Periodo Budget
Impiego & sviluppo economico
Agricoltura e sicurezza alimentare
Sviluppo delle piccole e medie imprese (PMI)
Servizi finanziari agricoli
15.05.2024 - 31.12.2027
CHF  1’980’000

Access to finance is a major obstacle to the development of all economic activities. Despite some improvements thanks to mobile banking, financial inclusion in Mozambique remains a challenge, as low-income groups are still excluded from formal financial services because they do not meet the requirements of formal banks (e.g. identity cards, collateral), they lack information about the financial services offered, or because commercial banks consider them too risky and the interest rates are too high. There are large and persistent rural and gender gaps in access to finance and the provinces of Nampula, Cabo Delgado and Niassa have the lowest level of financial inclusion in the country. In these regions, micro, small and medium enterprises don’t have access to or insufficient access to financial services which limits their potential to grow and to create jobs.

Switzerland founded Futuro in 2017 with an initial capital injection of CHF 1 million, and is the main shareholder to date. The Swiss Agency for Development and Cooperation co-financing technical assistance remains crucial to enable Futuro to expand and effectively implement its 2023-2027 business plan.

Obiettivi Rural and urban poor in Northern Mozambique have access to financial services to increase their income and create more jobs through a solid, reliable, innovative and client-oriented financial institution.
Gruppi target Micro, small and medium entrepreneurs from the urban and rural areas of the Northern Provinces of Mozambique and Zambézia.
Effetti a medio termine Outcome  1: Futuro’s Business Plan 2023–2027 will be effectively implemented through technical assistance.

Risultati principali attesi:  

  • 4 new branches of Futuro Mcb are created in Niassa, Cabo Delgado, Zambézia and rural areas outside Nampula city
  • Increased capacity of Futuro operational staff
  • Effective digital solutions that meet clients’ needs and enhance operational efficiency are developed
  • Development of new financial products relevant for the needs of the agricultural sector

Risultati fasi precedenti:  

  • Low income women and men enterpreneurs benefited of access to affordable commercial financial services (loans, savings, insurance) permiting them to enhance their business and livelihood from 2017-2023. 20’350 MSMEs accessed loans (67% poor women)
  • Financial literacy (and business skills) training provided to over 25,000 future clients
  • High leverage of public funds (CHF 14.5 million in loans, i.e. 14.5x Switzerland’s initial capital investment)
  • High loan repayments and lower level of writeoffs than the banking sector average, even during Covid
  • Futuro is profitable since 2021
  • Futuro is now an established market player and has gained international recognition by securing a Swiss franc (CHF) 1.8 million loan from International Fund for Agricultural Development (IFAD)

Direzione/Ufficio responsabile DSC
Partner del progetto Partner contrattuale
Economia privata
  • Settore privato straniero Nord
  • Settore privato straniero Sud/Est
  • Futuro Microbank ; Specialised firms in placement, communication and legal advice (to be identified)

Coordinamento con altri progetti e attori

Bank of Mozambique; IFAD

SDC Projects: Skills for Youth in Mozambique (SIM!-skills development), PREMIER-Oholo (PRO - entrepreneurship), Promoting of Sustainable Agricultural Market Systems (PROMAS)

Budget Fase in corso Budget Svizzera CHF    1’980’000 Budget svizzero attualmente già speso CHF    460’794 Progetto totale dalla prima fase Budget Svizzera CHF   14’670’000 Budget inclusi partner del progetto CHF   16’387’000
Fasi del progetto Fase 5 15.05.2024 - 31.12.2027   (Fase in corso) Fase 4 08.03.2021 - 31.03.2024   (Completed) Fase 3 01.04.2018 - 31.12.2020   (Completed) Fase 2 01.07.2012 - 31.12.2017   (Completed) Fase 1 01.08.2008 - 31.07.2012   (Completed)