FAQ
FREQUENTLY ASKED QUESTIONS
1. WHAT IS NATIONAL ECONOMIC EMPOWERMENT FUND (NEEF)?
- NEEF is a government initiative established to promote economic empowerment among Malawians, particularly those from marginalized groups, by providing financial assistance and support for entrepreneurship and business development.
2. WHO IS ELIGIBLE TO APPLY FOR FUNDING FROM NEEF?
- Eligibility criteria typically include Malawian citizenship, a viable business proposal or entrepreneurial venture, and a focus on economic empowerment, especially for marginalized groups such as women, youth, and persons with disabilities.
3. HOW CAN I APPLY FOR A LOAN FROM NEEF?
- You can apply for a loan by completing the NEEF application letter available at their various offices. Ensure that you have all the required documentation and meet the eligibility criteria before applying.
4. WHAT KIND OF BUSINESSES DOES NEEF SUPPORT?
- NEEF supports a wide range of businesses across various sectors, including agriculture, manufacturing, services, and technology. Priority is often given to projects that have the potential to create jobs, promote innovation, and contribute to economic growth.
5. WHAT SUPPORT SERVICES DOES NEEF OFFER BESIDES LOANS?
- In addition to financial assistance, NEEF provides business development services such as training, mentorship, and networking opportunities to help entrepreneurs succeed.
6. WHAT ARE THE REPAYMENT TERMS FOR LOANS FROM NEEF?
- Repayment terms vary depending on the type of loan product received and the specific agreement between NEEF and the borrower. It’s important to carefully review and understand the terms and conditions before accepting any loan.
- Refer to the Loan products menu for more information.
7. WHERE CAN I FIND MORE INFORMATION ABOUT NEEF AND ITS PROGRAMS?
- For more information about NEEF, including program details, eligibility requirements, and application procedures, you can contact their offices directly, or refer to informational materials provided by the government or partner organizations.
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