ABOUT COMSIV LIMITED

Kelvin Msiska

Chief Executive Officer

COMSIV Limited is a Non Deposit taking Microfinance Institution that is wholly owned by COMSIP Cooperative Union Limited. It came as a result of the 2016 COMSIP Cooperative Union Annual General Meeting resolution (Resolution Number 10) and the studies commissioned by the Union such as the Midterm review of the MASAF 4 Livelihood and Skills Development component and the Product and Services Needs Assessment survey which emphasized on the need for establishment of a microfinance institution to reach out to the COMSIP members.

The company started its operations in December 2018 following its successful application for operating license with the registrar of financial institutions. It was launched during the COMSIP annual General Meeting on 18th December 2018. As a subsidiary Company in the Cooperative Union, COMSIV has been mandated by COMSIP to be providing credit facilities and micro insurance services to its members.

The operational areas of the COMSIP Cooperative Union Limited are deep rooted in rural areas across the country. Following the triple bottom line, COMSIP is involved in local development and contributes to the sustainable development of the communities it serves. With introduction of COMSIV in the financial sector, COMSIP will drive the financial inclusion agenda in the local communities where other financial institutions are less present.

VISION STATEMENT

To be the preferred financial services provider for COMSIP affiliates.

MISSION STATEMENT

To provide affordable Financial Products and Services to COMSIP Cooperative Union Affiliates.

OUR CORE VALUES

• Integrity: We demonstrate honesty, fairness, and transparency in all our dealings.
• Respect: We acknowledge and respect differences in each other and value two-way communication.
• Inclusiveness: We do not discriminate based on race, gender, religion, or status.
• Excellence: We commit to innovation, learning, and continuous improvement.
• Ethical: We act based on what is right and just.
• Customer Focused: The client is the king.
• Corporate Social Responsibility: We are part of the community we serve.

PRODUCTS AND SERVICES

i. Business Loan

• Repayment period: 1 to 12 months
• Interest rate: 5% per month (reducing balance)
• Processing fee: 10% deducted from approved loan amount

ii. Agribusiness Loan

• Repayment period: 1 to 12 months
• Interest rate: 5% per month (reducing balance)
• Grace period: 4 months (interest only)
• Processing fee: 10% of approved loan amount
• Suppliers are paid directly while delivering items to COMSIV clients

iii. Micro Insurance

Provided to COMSIP members through partnership with NICO Insurance, covering death, disability, and credit life.

ENVIRONMENTAL AND SOCIAL MANAGEMENT SYSTEM POLICY

COMSIV Limited is committed to ensuring that its operations promote sustainable development by integrating environmental and social considerations into all business processes. This policy provides the framework for identifying, assessing, and managing potential environmental and social risks in our financial activities.

COMSIV Limited complies with local, national, regional, and international environmental regulations applicable to its business operations and integrates environmental issues in its processes and decisions. The company recognises that identifying and quantifying environmental risks is a vital part of its normal business risk management process.

📄 Download Environmental and Social Management System Policy (PDF)

OUR PARTNERS

CONTACT US

The Chief Executive Officer
COMSIV Limited
Area 6, Plot 172
Private Bag 105
Lilongwe
Tel: +265 1 759 331