• National Economic Empowerment Fund (NEEF), Malawi


post-image
Farming has traditionally been viewed as a male-dominated activity due to its physically demanding nature. However, with the advent of machinery and increased financial support, women such as Monica Msowoya, are now at the forefront of commercial farming.

Msowoya, a 49-year-old farmer from T/A Mpherembe, is a proud second-time borrower of National Economic Empowerment Fund (NEEF) Farm Input loans. In her first cycle, she received a loan amounting to MK10 Million, which she successfully repaid after making great profits from this investment.
She is currently in her second loan cycle, having accessed an amount worth MK20 Million. With this loan, she invested in 49 hectares of land, growing tobacco, maize, and ground nuts. This investment not only contributes to the countryโ€™s food security but also brings in foreign exchange after sales.

Msowoya applauded the Fund for the positive impact it has had on her and many farmers in Malawi. โ€œMost people in the country aspire to engage in commercial farming, but limited access to funds has often been a barrier for us. NEEF has however, been instrumental in breaking this barrier, enabling people like me to pursue and grow our agricultural ventures successfully,โ€ explained Msowoya.

She later encouraged all Malawians, especially women who think that commercial farming is a male-dominated activity, to venture into it with support from NEEF loans.

The Fund continues to offer loans in more than 25 different categories, with a strong focus on agricultural development loans. These loan products have been a great support to farmers and a critical pathway to achieving financial stability for most Malawians.
Share on WhatsApp

Recent Posts

Tags