NEEF HIRES 150 LOAN OFFICERS The National Economic Empowerment Fund Limited (NEEF) has implored new loan officers that the Fund has recruited to rise to the occasion and help the organisation achieve substantial growth. Speaking during the opening session of the new loan officers training at Linde Hotel in Dowa, NEEF’s board member Aram Beza…
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pROCUREMENT OF YAMAHA DT 175 MOTORCYCLES We understand the general public’s concern, however the nation must look at the opportunity cost of buying the Yamaha DT 175 motorcycles. If well managed, the Yamaha DT 175 motorcycles can last 20 years, thereby saving the Fund a significant amount of money in the long run. NEEF currently…
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boosting women-owned enterprises Grace Mapulanga boosted her business with a MK500,000 NEEF women enterprise loan and she now makes a profit of more than MK80,000 per month. Grace Mapulanga, 44, is a business woman who runs a grocery shop in Lilongwe, Area 49 Shire. She started her business with a capital of MK300,000 from which she…
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National Economic Empowerment Fund Limited (NEEF) wishes to inform the general public that it intends to award a contract in line with section 48 of the Procurement and Disposal of Assets Act No. 27 of 2017 for the supply and delivery of Motor Cycles as follows: Lot Description Procurement Reference Number Successful Bidder Amount (MK)…
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The National Economic Empowerment Fund Limited (NEEF) on Friday signed a loan memorandum of Agreement with TNM Plc that will enable youth and women access loans from NEEF and start TNM franchise business in the country. The event which took place at Bingu International Convention Centre (BICC) in Lilongwe was patronized by President Lazarus Chakwera…
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The National Economic Empowerment Fund Limited (NEEF) has signed a Memorandum of Understanding (MOU) with the Technical, Entrepreneurial, and Vocational Education and Training Authority Teveta Malawi that aims at enabling Teveta Malawi graduates to access affordable loans from NEEF. Speaking during the MOU signing ceremony in Lilongwe on Tuesday, TEVETA Board chair Don Whayo lamented…
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National Economic Empowerment Fund Limited (NEEF) embarked on a campaign of sensitizing Micro, Small, and Medium Enterprises (MSMEs) on the MSME Order by the Government and how they can access Order Finance Loans from NEEF. The campaign which NEEF collaborated with the Ministries of Industry, and Trade, were conducted in all four regions of the…
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Slyveria Natowo, 47, is a resident of Malonda Village in Traditional Authority Nkalo in Chiradzulu South. She started by rearing goats that she bought in 2016. Her quest to expand the business and venture into dairy farming failed as banks deemed her unable to borrow due to lack of collateral, credit history, audited financials, and…
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In a quest to foster collaboration and tap input from other stakeholders on how to run the Government-owned Microfinance Fund, NEEF hosted the Human Rights Defenders Coalition (HRDC) at its Head Office in Lilongwe on Wednesday. According to NEEF’s Acting Chief Executive Officer, Humphrey Mdyetseni, the meeting was crucial as HRDC remains a key stakeholder…
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In a country where poverty and inequality remain stubbornly high, the power of a simple, small loan to those that fate and circumstances have disadvantaged cannot be overemphasised. At least that is the impression one gets after interacting with 28-year-old William Mwambila, who graduated from Salima Technical College with a diploma in information technology. Initially…
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