Lilongwe NEEF Regional Office Conducts August Assessment

National Economic Empowerment Fund Regional Manager for Central Regional Esmie Chisepeya, has praised all of the 14 branch supervisors for their hard work in capturing data and processing payments in all of the branches.

She was speaking during a monthly review meeting that NEEF Central Region had at Bridge View Hotel in Lilongwe on 2 September, 2022.

The purpose of the meeting was to evaluate how well all branches in the central region were doing about loan distribution and loan repayment rate.

Chisepeya urged all supervisors in the area to take additional steps and pursue all client arrears on all previous loans.

“Everyone should take responsibility for loan recovery as some places have a reluctance to repay the loan as such we have to work hard in recovering these loans,

“We are reviewing the progress of August but we are also looking at all arrears of other months,” Chisepeya said.

All Area Supervisors and staff members from the departments of recoveries, risks, credit, human resources, and communication attended the meeting.

The Regional Manager further vowed to take recovery efforts to all areas with outstanding areas in their quest to recover the loans and recapitalise the Fund.

“We will go full throttle on the ground and to meet with Area Development Committees (ADCs), Village Development committees (VDs), and involve other officials in the communities to recover the loans,” said Chisepeya.

Meanwhile, the Regional Manager has commended Dowa, Kasiya, Salima, Khotakota, and Ntchisi for their exceptional loan recovery efforts.

However, Apatsa Kadaluka, the chairperson of the recoveries staffing committee, has urged his fellow members to undertake a significant activity in the first week of September to recover all outstanding loans in areas with areas.

” Despite certain branches registering high recovery rates, this week we are undertaking big exercise in our region to engage all clients with areas at Lilongwe old town, Namitete, Kawale, Mchinji, and Mponela,” Kadaluka said.

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