ABOUT NEEF
Who We Are
NEEF, is a registered state-owned microfinance institution under the Companies Act of 2013 and is dedicated to fostering economic empowerment and financial inclusion. Recognizing the importance of equitable economic growth, NEEF provides vital financial support to aspiring entrepreneurs and established businesses across various sectors. In 2014, it was incorporated as a limited company by guarantee.
Over the years, the corporation has changed its name from MARDEF to MEDF and finally to NEEF. In September 2020, MEDF was renamed as NEEF, with a mandate to look into the broader objectives of micro-financing with a primary focus on the economic empowerment of underserved Malawians. The Reserve Bank of Malawi granted the institution a license to operate as a non-deposit taking microfinance institution in January 2015.
Our Objectives
- Contribute to the country’s economic development through the provision of diversified loan products to Micro, Small and Medium Enterprises.
- Contribute to increased employment by among others supporting enterprises that have the potential to create job.
- Entrench the enterprising spirit in youth, women and other groups that have the potential to contribute to socio-economic growth.
What are Our Products
The National Economic Empowerment Fund (NEEF) typically offers a range of financial products and services aimed at empowering entrepreneurs and small businesses. These products and services aim to facilitate economic growth, job creation, and poverty reduction by supporting the development of small and medium-sized enterprises (SMEs) in Malawi. The products are in the following categories:
- Microenterprise Loans: Tailored to small-scale entrepreneurs and start-ups, these loans offer flexible financing options to support business establishment and growth.
- Small and Medium Enterprise (SME) Loans: Designed for established businesses seeking to expand operations or invest in new ventures, SME loans provide substantial capital with favourable repayment terms.
- Agricultural Development Loans: Aimed at farmers and agribusinesses, these loans assist in financing agricultural inputs, equipment purchases, and land development, contributing to increased agricultural productivity and food security.
ONE PAGER
OUR INTEREST RATES
NEEF offers competitive interest rates tailored to the specific needs and risk profiles of borrowers. The interest rates vary depending on the loan product. Generally, interest rates are structured to remain affordable while ensuring the sustainability of NEEF’s lending operations and financial viability.
OUR IMPACT IN MALAWI
NEEF’s impactful interventions have contributed significantly to job creation, poverty alleviation, and economic empowerment in Malawi. By providing accessible financing solutions and business support services, NEEF has enabled countless individuals and enterprises to realize their entrepreneurial aspirations, drive economic growth, and improve livelihoods across the nation.
OPENING HOURS
MONDAY – FRIDAY
7:30 AM – 4:30 PM
CONTACT US
NATIONAL ECONOMIC EMPOWERMENT FUND
P.O BOX 779, LILONGWE
PHONE # : +265 999 941 333 | +265 999 938 333
EMAIL: info@neef.mw