LIVESTOCK PRODUCTION LOAN
INDIVIDUAL LOAN
TARGET MARKET
- SMEs in serious Livestocks farming among others.
OBJECTIVES
- Addresses the gaps of agri-business 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 5,000,000.00 to Mwk 250,000,000.00
TENURE
- 6 to 24 months
- Minimum grace period of months may be granted
RATES/TARIFFS
- Interest rates – 4.8%
- Processing and Admin fee – 4.5%
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