MICRO-INDUSTRY LOAN
INDIVIDUAL LOAN
TARGET MARKET
- Small and Medium Entrepreneurs that wish to set-up manufacturing or Processing or manufacturing plants.
OBJECTIVES
- To contribute to the industrialization of the Malawian economy in line with Malawi 2063.
- To contribute to the creation of jobs.
- To contribute to the economic development of the country through the promotion of import substitution and export promoting small scale industries.
CUSTOMER BENEFITS
- Access capital for estabblishing or boosting small scale manufacturing and processing businesses.
REQUIREMENTS
- National IDs applicant (s) and Spouse plus Guarantor.
- Sketch map to business premises.
- Sketch map to residence.
- Color photos of guarantor and spouse (where applicable).
- Business registration certificate.
- Business plan with relevant financials.
- Copies of collateral title documents.
- Relevant production licenses.
THRESHOLD
- Mwk 30,000,001.00 to Mwk 250,000,000.00
TENURE
- 6 to 36 Months
- Minimum grace period of 1 month may be granted.
RATES/TARIFFS
- Interest rates – 4.8%
- Processing and Admin Fee – 4.0%
COLLATERAL REQUIREMENTS
- Landed property
- Machinery
- Equipment
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