About Us

Company Background

Fincred was founded in February 2019 in Zambia, with the vision of becoming a world class Microfinance Institution that provides low income financing to the Marginalised communities in Sub-Sahara Africa. It originally initiated by providing salary based payroll loans to Mine employees within the Copperbelt Province in Zambia where it is Head Quartered.

Currently Fincred has four (4) branches located in Kitwe, Mufulira,Chililabombwe and Lusaka with Plans of increasing the branch footprint to North Western Province to achieve the intended outreach and Social Impact across Zambia by the end of 2023.

Corporate Statement

To provide low cost financing for Individuals and SME’s to foster sustainable growth for both our Internal and External customers.

To be a World Class Integrated Microfinance Institution providing low income financing for sustainable development in the Sub-Sahara

  • S- Sustainability
  • P- Professionalism
  • I- Initiative
  • D- Diversity
  • I- Innovation
  • T- Teamwork

Board of Directors

Mr. Mulenga is a seasoned businessman with over 15 years of experience of outstanding service to mines and industries. He has lifelong passion for the safety of people, property and environment. He is the founder and Managing Director of LM & K Contractors and a Director in Matecs Enterprises. He is a Holder of a BSc in Computer Science with Copperbelt University (CBU) and has worked for Polyesterine limited before founding his own empire. Mr. Mulenga has over the years been involved in a number of structural work with various mines on the Copperbelt including Konkola Copper Mines, Mopani Mines, Ndola Lime and Chibuluma Mine.

Mr Madzingira is the current Chief Executive Officer at Fincred Finance. He is a skilled Executive with over a decade of experience in the Microfinance Sector in Zambia and Zimbabwe at Senior Management and Executive Level. He is a holder of a B.com in Banking and Finance from Midland State University (MSU) and numerous postgraduate qualifications which include a Certificate Expert in Mircofinance; SME Finance & Agricultural Finance from Frankfurt School of Finance (FSF) as well as an Investment and Portfolio Management from the University of Zimbabwe (UZ). He is currently studying for a Masters in Development Finance with Frankfurt School of Finance (FSF). He is a highly skilled operator with a track record of successfully setting up and running branches within the region.

Grace Kumwenda

Ms. Kumwenda is the Managing partner at Grace and Partners which was founded in 2019, and she is a holder of an LLB Law Degree at University of Zambia (UNZA). Ms. Kumwenda is an Associate- Member of the Chartered Institute of Arbitrators. She is a renowned Lawyer with extensive litigation experience in the area of employment law and land disputes as well as well non ontentious litigation matters including divorce, probate and administration. She has worked with ECB (Kitwe) and M. Musonda & Company (Lusaka) during her career before setting up her own firm. Recently she was recognized by the Southern African Human Rights Defenders Network as a Human Rights Defender on account of her work and dedication in speaking for the oppressed.

Lawrence Nyabanga

Mr Nyabanga is the founding President of Lowrie Group of South Africa, a diversified company with vast interests in Automotive through their flagship franchise Plawn Motors in Zimbabwe, Miranga Resources Renewable Energy and Autochamp Shocks South Africa. He is a current holder of a B.com in Marketing (Hons) Degree at Zimbabwe Open University (ZOU) and is currently enrolled for an LLB degree with the University of London. He is passionate about cars and is also keen to assist building entrepreneurs through providing mentoring and even financial assistance (based on the challenges he faced while starting up). Lawrence is also a writer, and he currently has a book titled “Manoeuvring business through an economic meltdown . (A personal reflection)”.

New Innovation

Digital Field Automation (DFA)

As an extension of our Branch Network, Fincred’s Customer Service team is equipped with necessary resources required for those who need to open new accounts and start the process loan applications, which will be concluded by filling an online form. This allows for the enhancement of Customer Experience as one will not be required to visit our Branches to open accounts or request for a loan- we bring our services to your door steps.


All our loans are now issued under our B2P initiative with our insurers providing a wide variety of cover to protect our clients. Our current Credsure policy covers death, disability and employment redundancy for the client hence extinguishing any outstanding debt that the client will have with Fincred upon notification.

Credit Scoring and Data Analytics

Our current Management Information System (MIS) Application has technology that increases the effieciency in the loan processing by weighing up the customers characteristics with their repayment history. Allows for auto disbursement making quick and easy access, efficient, effective and available for all customers.

Agency Web

The use of mobile money further aids swift implement of the Agency Web with Disbursements being done directly to the client’s mobile money accounts. We currently have a robust agency network with presence in Kitwe, Chingola, Ndola, Mufulira, Kalulushi and Chambesi for swift access of our products.


Chikosi W. Siame

Finance and Administration

Kasanda Kakumbi

Sales and Operations



Up to K50 000 approved & funded in 24 hours.