• National Economic Empowerment Fund (NEEF), Malawi

Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • Individual women aged above 35 years up to 75 years who want to venture into a business or are already in a business.
Objectives
  • Contribute to socio-economic development
  • Promote job creation
  • Entrench entrepreneurship spirit
Requirements
  • National ID
  • Business profile for existing enterprises/business plans for start-ups
  • Bank statement
  • Identification letter from Village Head or local leader in an urban location
  • Sketch Map of residence and business premises.
  • Consent from spouse (if applicable).
  • Letter of personal guarantor.
  • Passport Size Photo (Colour)
  • Tax Clearance for loans above K5 million
Thresholds
  • Maximum K3,000,000 to Maximum K30,000,000
Collateral Requirements
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
Group Loan Product
Target Market
  • Individual women aged above 35 years up to 75 years who want to venture into a business or are already in a business.
Objectives
  • Contribute to socio-economic development
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National IDs for all members
  • Group constitution
  • Cross-guarantorship
  • Business profile for existing enterprises/business plans for start-ups
  • Evidence of existing active bank account Identification letter from Village Head or local leader in an urban location
  • Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury)
Thresholds
  • Maximum K5,000,000 to Maximum K30,000,000
  • 1st Time borrower from K5,000,000
  • 2nd Time borrower from K10,000,000
  • 3rd Time borrower from K20,000,000
Collateral Requirements
  • Mutual Guarantee
  • Individual members’ personal assets. Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
← Back