INTERNATIONAL YOUTH JOB LOANS
INDIVIDUAL LOAN
TARGET MARKET
- Individual youth aged from 18-35 years willing to take up jobs outside the country.
OBJECTIVES
- Job creation.
- Youth empowerment.
CUSTOMER BENEFITS
- Access finance to meet in-country costs for taking up jobs outside the country.
- Ease of cashflow for guardians.
REQUIREMENTS
- National IDs
- Passport
- Offer of Employment
- Police clearance
- Ministry of labour clearance
- Two guarantors IDs
- Standing order account.
THRESHOLD
- Mwk 1,000,000.00 (Revised Maximum to be Agreed).
TENURE
- 3 to 12 months.
RATES/TARIFFS
- Interest rate – 4.8%
- Processing and Admin fee – 4.5%.
COLLATERAL REQUIREMENT
- Loan Service Bond
- Standing Order against Client FCDA.
- Guarantee from recruiting Agent.
- Guarantee from personal guarantor.
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