+265 999 941 333 |+265 999 938 333info@neef.mw

YOUTH ENTERPRISE LOANS

YOUTH ENTERPRISE LOANS

This loan facility is designed for groups of 10 youths or individuals aged 18-35 who want to venture into a business or are already in business.

Application Requirements

```
National IDs for all members.
```
```
Group constitution.
```
```
Cross-guarantorship.
```

Business profile for 
existing enterprises or 
business plans for start-ups.

```
Physical Collateral(Individual).
```

Thresh Holds

```
Individual: K500,000 to K10,000,000
```
```
Member:  K50,000 to K1,000,000
```
```
Group: K500,000 to K10,000,000
```

Tariffs and Interest rates

```
Fees: 3.5%
```
```
Insurance:1%
```
```
Interest (Reducing Balance) 2%
```

Repayment Period

```
6 to 12 Months
```

Turn Around Time

```
21 Working Days
```

Download Application Form