ABOUT VOLA MAHASOA
Vola Mahasoa was created in 1993 on the initiative of APEM or Association pour la Promotion de l'Entreprise à Madagascar dans le Moyen Onilahy (Bezaha), thanks to the technical support of CIDR and funding from the Agence Française de Développement. In 2007, the Vola Mahasoa project was institutionalized in the form of a limited company with the Association for the Promotion of Enterprise in Madagascar and PAMIGA Finance as shareholders. In 2022, PAMIGA Finance became the majority shareholder of the institution with 85% followed by APEM with 15%. Vola Mahasoa S.A. obtained its license in 2008.
Vola Mahasoa is a level two non-mutualist Microfinance Institution (MFI) but following the implementation of the new law on microfinance n°2017-026 of February 08, 2018, Vola Mahasoa will be a "Savings and Credit Institution". To accelerate its development, Vola Mahasoa plans to open its capital.
REASON FOR EXISTENCE OF THE COMPANY
Vola Mahasoa's main mission is to contribute to the reduction of poverty in its area of intervention, while reducing social inequality, by offering vulnerable groups such as young people, women, peasants, micro-entrepreneurs and the illiterate the best access to savings, credit and other financial and non-financial services. It thus offers the best access to savings, credit and other financial and non-financial services. Solidarity and sustainability, these services allow the consolidation and diversification of the Malagasy financial sector.
Microfinance with a humanitarian and social vocation
To fight against poverty and reduce the social bills through microfinance, sustainable and accessible to all. This is the raison d'être of Vola Mahasoa, a savings and credit institution.
Vola Mahasoa promotes the access of vulnerable groups, excluded from the banking circuit, to quality financial and non-financial services, sustainable and adapted to their needs to help them improve their living conditions. It operates in 10 regions: Atsimo Andrefana, Matsiatra Ambony, Amoron'i Mania, Vatovavy Fitovinany, Betsiboka, Boeny, Atsinanana, Bongolava, Analanjirofo and Analamanga. To promote financial inclusion and get closer to its target customers, its five branches located in Toliara, Fianarantsoa, Maevatanana, Toamasina and Bongolava manage 45 points of service, including 10 in urban areas and 35 in rural areas.
Digitalization at the heart of banking services
For 2023, Vola Mahasoa will proceed to the revitalization and strengthening of its branches in order to hope, in the next five years, to rise to the status of first choice for all its partners. It will strengthen its presence and multiply its service channels throughout the island. It will drive financial inclusion with more flexibility and openness for its customers.
Vola Mahasoa will embark on digital finance and will offer access to online monitoring and assistance platforms. According to Mamison RAMPANANA, the General Manager, the tele-collection option will be available very soon and he described it as a great first. It is among others a Deposit-Withdrawal operation by validation via fingerprints of the customers with the possibility of credit reimbursement, consultation of savings balance, printing of receipts and transfer of funds via an electronic payment terminal to the account of a beneficiary.
Tehatra Rodine (Memento)
GOAL
The main objective of the institution is to contribute to the reduction of poverty in its areas of intervention and to the reduction of social inequality through microfinance that is sustainable and accessible to all.
Thus, to participate in the development of vulnerable groups, men and women, urban and rural, by offering them the best financial and non-financial services adapted to their needs, in proximity, of quality and sustainable.
This contribution takes the form of financing the intensification and diversification of agricultural and non-agricultural economic activities, protecting the prices of all products (storage credit, processing) and facilitating access to small productive equipment.
VOLA MAHASOA'S PRODUCTS
Like any other microfinance institution, Vola Mahasoa also basically offers credit, savings and some related activities to its target beneficiaries.
AREA OF INTERVENTION
Currently, Vola Mahasoa operates in 10 regions of Madagascar, including: Atsimo Andrefana, Matsiatra Ambony, Amoron'i Mania, Vatovavy Fitovinany, Betsiboka, Boeny, Atsinanana, Bongolava, Analanjirofo and Analamanga. It is composed of 5 branches, located in Tuléar, Fianarantsoa, Maevatanana, Toamasina and Bongolava. In order to promote financial inclusion and respect the principle of proximity between it and its target clients, these branches manage 45 service points, 10 of which are located in urban areas and 35 in rural areas.
CHAMPS and VOLA MAHASOA
VOLA MAHASOA S.A. and its employees are committed to :
- Demonstrate integrity
- Guarantee transparency
- Ensure the quality of services
- Promote innovation and excellence
- Work towards building strong community links
• Competence,
• Honesty,
• Autonomy,
• Motivation,
• Professionalism and
• Solidarity
Abbreviated as "CHAMPS", Vola Mahasoa wants to be "CHAMPS" for entrepreneurship and the development of its staff. This code of ethics is a collection of ethical principles that all stakeholders are called upon to respect in order to better achieve the financial and social mission of Vola Mahasoa.
In addition, Vola Mahasoa also has its own code of ethics which includes all the values, moral duties, lines of conduct, organisation and management. These are all elements that all stakeholders must respect in the exercise of their respective activities, roles and responsibilities both within Vola Mahasoa and within the microfinance sector in Madagascar.
Gallery
A picture is worth a thousand words.
One picture, one story, one message
Partners
From the date of its creation until 2007, the institution operated in the form of a project and benefited from the technical and financial support of several partners such as
• The Mission of Cooperation and Cultural Action
• The CIDR and the PAMIGA
• The Association for the Promotion of Enterprise in Madagascar
• The Ministry of Agriculture, Livestock and Fisheries (MAEP) through the Agricultural Development Fund (FDA)
• The European Union
• The UNDP through the PAFIM project
• The African Development Bank (ADB) through the PRBM, PACP, PRPIM and PROJERMO projects
• The World Bank through the PASEF project (Projet d'appui aux Secteurs Financiers)
• The International Fund for Agricultural Development (IFAD) through the PROSPERER programme and other programmes
Recruitment
Currently, Vola Mahasoa is looking for motivated and dynamic men and women to expand its team in Maevatanana for a position of INTERNAL CONTROLLER.
File to be sent by mail to the address "volamahasoa@volamahasoa.mg" at the latest on September 01, 2022 at 4pm.
File: Letter of motivation; Curriculum vitae with recent photos; copy of diploma; professional reference; quick contact and salary expectation.
NEWS
In front of the evolution of technology, like other Microfinance Institutions, Vola Mahasoa is also planning to exploit the fruit of the NTIC. To be precise, the mobilization of the electronic wallet.
Contact
If you have any questions, please do not hesitate to contact us.
Address
H02Résidence Arc en Ciel AmbatContact
+261 34 56 639 88
volamahasoa@volamahasoa.mg