VARIOUS LOANS
INDIVIDUAL LOANS
TARGET MARKET
- Stakeholders or beneficiaries of a partner to NEEF.
OBJECTIVES
- To take advantage of existing synergies with partners.
CUSTOMER BENEFITS
- Easier access to finance which they would not have obtained on their own.
REQUIREMENTS
- National ID.
- Color Passport-size photos.
- Partners’ recommendation or preassessment as the case may be.
- Business registration certificate.
- Personal guarantor.
- Guardians’ consent for collateral and loan.
- Letter from local leader.
- Sketch map to residence or place of business.
THRESHOLD
- Mwk 500,000 to Mwk 250,000,000.
TENURE
- 3 months to 36 months.
- Minimum grace period of 1 month may be granted.
RATES/TARRIFS
- Interest rate 4.0% pm.
- Processing and Admin fee 3.5%.
- Insurance fee 1.0%.
COLLATERAL REQUIREMENTS
- Personal guarantor.
- Institution guarantor e.g. TEVETA, SMED or others where possible.
- Equipment.
- Association guarantee where applicable TBA.
GROUP LOANS
TARGET MARKET
- Stakeholders or beneficiaries of a partner to NEEF.
OBJECTIVES
- To take advantage of existing synergies with partners.
CUSTOMER BENEFITS
- Easier access to finance which they would not have obtained on their own.
REQUIREMENTS
- National ID.
- Color Passport-size photos.
- Partners’ recommendation or preassessment as the case may be.
- Business registration certificate.
- Personal guarantor.
- Guardians’ consent for collateral and loan.
- Letter from local leader.
- Sketch map to residence or place of business.
THRESHOLD
- Mwk 500,000 to Mwk 250,000,000.
TENURE
- 3 months to 36 months.
- Minimum grace period of 1 month may be granted.
RATES/TARRIFS
- Interest rate 4.0% pm.
- Processing and Admin fee 3.5%.
- Insurance fee 1.0%.
COLLATERAL REQUIREMENTS
- Institution guarantor e.g. TEVETA, SMED or others where possible.
- Equipment.
- Association guarantee where applicable TBA.
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