Business Loan

MEDF Business Loan

Business Loan

  • This product is a business loan designed to serve individual clients who are formally doing business in Malawi and have proper documentation and authorisation to conduct business within the borders of Malawi. Major purposes for such loans are for working capital requirements and acquisition of business assets. Clients may access the loan as a group or as individuals.
  • Maximum repayment period is 12 months.
  • Tangible security is a must.
  • Loan amounts dependent on client requirements.

Application Requirements

  • Business registration certificate
  • Loan application form
  • National ID (Mandatory)
  • 2 Passport size photographs
  • Contract copy/Order / LPO (If order finance)
  • Spouse ID and Consent to borrow (attach marriage certificate if available)
  • Map to client’s residence/business premises
  • Sales/Financial records, audited accounts, sales records including cashflow projections etc
  • Bank statements (Recent a least 3 months)
  • Business license where applicable
  • Loan guarantor consent
  • Collateral details:
      1. Cash cover
      2. Landed property
      3. Vehicle
      4. Stock (25%)
      5. Affidavit (un-surveyed land)

Download Application Form

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