ORDER FINANCE LOANS
INDIVIDUAL LOAN
TARGET MARKET
- Individual, partnerships or private limited companies requiring to finance short term contracts and orders for supply of goods and services.
OBJECTIVES
- Providing capacity to MSME enterprises to grow business ventures
CUSTOMER BENEFITS
- Build capacity to supply on large contracts, thus grow into large enterprises.
REQUIREMENTS
- National IDs
- Business Registration certificates
- Guarantor letter and ID
- Proof of residence – Sketch Map
- Passprot-size photo
- Physical collateral (perform may align concurrent with execution of contract)
- Valid /authenticated purchase order/contract
THRESHOLD
- > Mwk 30,000,001.00 to Mwk 250,000,000.00
TENURE
- 1 to 12 months
- As loan repayment is usually by bullet payment, grace period in not applicable
RATES / TARIFFS
- Interest rates – 6.0%
- Processing and Administration fees – 10.0%
- Insurance – 1.0%
COLLATERAL REQUIREMENTS
- Cessation of contract or order proceeds Agreement
- Physical collateral in form of land, vehicles or, and more desirable surveyed land.
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