GENERAL TRADING LOANS
INDIVIDUAL LOAN
TARGET MARKET
- Individual, partnerships or privilege limited companies with well-established and registered business or have bankable business.
OBJETIVES
- Contribute to economic growth.
CUSTOMER BENEFITS
- Access to capital
- Boost businesses both existing and start ups.
REQUIREMENTS
- National IDs
- Business profile for existing enterprise/business plans for start-ups.
- Bank statements for existing business
- Identifiation letter from village head or local leader in an urban location.
- Sketch map to place of residence and business premises.
- Passport size photo (color)
- Financial statement/Business records.
THRESHOLD
- Mwk 5,000,000.00 to Mwk 250,000,000.00
TENURE
- 6 to 24 months
- Minimum grace period of 1 month may be granted.
RATES/TARIFFS
- Interest rate – 5.5%
- Processing and Administrator fee – 5.0%
- Insurance – 1.0%
COLLATERAL REQUIREMENTS
- Landed Property
- Machinery
- Equipment
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