Mzimba Hora Registers 100% Repayment Rate

There was ululation and jubilations in Sandton Hall in Mzimba on Monday July 25, 2022 where NEEF was conducting an interface meeting with stakeholders when it was revealed that Mzimba Hora Constituency had registered 100% loan collection rate.

Speaking during his presentation, NEEF Regional Manager for the North Mr. Wilson Sabola said out of 11 Constituencies in Mzimba, Mzimba HORA had performed extremely well beyond the expectation of the Fund, beating all other 10 Constituencies in the District. The interface meeting was organized by NEEF led by its Chief Executive Offer Humphrey Mdyetseni in a bid to sensitize and update various stakeholders in the District on Loan products, procedures and collection in the District.

Wilson Sabola, NEEF Acting Regional Manager (North) explaining performance of his region

The meeting was attended by MPs, Councilors, ADCs, Chiefs including T/A Mabulabo and the District Commissioner for Mzimba Mr. Rodney Simwaka.

In his remarks Member of Parliament for Mzimba East Honorable Ackson Kalaile Banda, expressed his heartfelt appreciation to NEEF for conducting first ever all-inclusive meeting in the district calling it an eye opener.

Concurring with him was Inkosi Mabulabo who registered his satisfaction with the way NEEF is conducting its duties Countrywide as a Microfinance institution. He also asked NEEF to continue conducting such meetings in the district regularly and in other Districts so that there is improved collection rate.

In his closing remarks Mr. Mdyetseni assured stakeholders in the district of continued loan disbursement as it is one of the few Districts with best collection rate at 70%.

NEEF CEO Humphrey Mdyetseni promised to deploy more motorcycles in Mzimba

He also expressed his satisfaction with the performance of the district and promised them that NEEF will distribute motorcycles for its staff to ease their mobility and that soon it will employ more officers to carter for each Ward.

NEEF replaced MEDF a predecessor of MARDEF which was created by an Act of an Act of Parliament in 2005 as a Microfinance Institution to provide loans to underprivileged and underserved Malawians.

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