AGRI-BUSINESS LOAN
INDIVIDUAL LOAN
TARGET MARKET
- SMEs in serious farming (individuals or partnerships) for farm mechanization, value addition, among others.
OBJECTIVES
- Addresses the gaps of farm inputs loans.
CUSTOMER BENEFITS
- Get capital to grow into large farming enterprises.
- Value addition to agricultural products
- Expand Supply chain
REQUIREMENTS
- National ID
- Bank Statement (minimum of 6 month)
- Business records (income statement, balance sheet, cash flow statement)
- Business profile including relevant business licenses and certificates.
- Physical collateral
- Letter from Local leader
- Sketch map (residence and business premises)
- Guarantor’s letter and his/her National ID.
- Spouse consent letter (where applicable) and his/her national ID
- Memorandum and Articles of Association for private limited companies.
- Police clearance report
- Passport size photo (color)
- Business plan with indication of the demand and supply chain
THRESHOLD
- Mwk 30,000,001.00 to Mwk 250,000,000.00
TENURE
- 6 to 24 months
- Minimum grace period of 1 month may be granted. full grace period depends on the agri-business.
RATES/TARIFFS
- Interest rates – 5.2%
- Processing and Admin fee – 5.0%
COLLATERAL REQUIREMENTS
- Landed Property
- Vehicles
- Equipment
- Household chattels
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